LogicGate Risk Cloud Adds Black Kite Integration for Third-Party Risk Management
LogicGate’s Risk Cloud compliance platform has added integration with Black Kite, which offers cyber ratings, Open FAIR financial risk quantification, ...
Tag: Third Party Risk Management
Third party risk management requires a commitment to an organization’s entire operational risk profile. It’s a challenge, since third party risks often occur in areas that have no “owner,” and are therefore easily overlooked. Consequences can be far-reaching for overlooking risks associated with third parties, including lost customers due to a third party’s poor-quality service, data breaches resulting from their poor security practices, or supply chain issues stemming from poor disaster recovery procedures. The significant jump in the use of third parties in business has compounded the risks associated with them and escalated potential consequences.
The following articles about third party risk management address various aspects, including third party due diligence and third party risk assessments.
Supply Chain Challenges in 2022: How Compliance and Risk Should Prepare for the Long-Haul
Managing disruption in 2022 and beyond will require robust oversight and a more holistic understanding of the supply chain itself ...
How to Account for Emotional Intelligence in Third-Party Risk Management
Third-party risk management (TPRM) has grown in prominence as organizations increase their reliance on external parties, from cloud providers to ...
How Has the Omicron Variant Impacted Third-Party Risk Management?
The Omicron variant has now spread around the world and, in many regions, has brought about revamped restrictions. Those factors ...
Proposed Inter-Agency Guidance Would Rewrite the Book on Third-Party Risk Management and Raise the Bar for SOC 2 Compliance
The Fed, OCC and FDIC took an unprecedented step this summer in proposing a joint third-party risk management and information ...
TruSight Launches New Technology Solutions to Optimize Customer Experience
New York, NY (September 7, 2021) TruSight, the financial industry’s leading provider of third-party risk data, today announced that it ...
Cyber and ESG Turn Heads, But Geopolitical Risk Remains the #1 Threat to Corporations
Some risks do come and go. But amid headlines involving cyberattacks, climate change and corruption, it can be easy to ...
Is Your Data Supply Chain Ethical? Don’t Restrict Due Diligence to Physical Operations.
Both your company's data supply chain and its physical version have fundamentally similar business risks. Given the consequences of unethical ...
Drawbridge Launches New Module for Private Equity Funds
NEW YORK (June 9, 2021) – Drawbridge, a premier provider of cybersecurity software and solutions to the alternative investment industry, today announced ...
OneTrust to Acquire Shared Assessments to Advance Third-Party Risk Standardization Globally
Shared Assessments plans to remain a vendor-neutral industry organization now with increased ability to scale SIG third-party risk standard adoption ...
“And the Award for the Most Disastrous Third-Party Risk in 2020 Goes to …”
Imagine if there were an annual award show for risk. Of course, due to the pandemic, the award show would ...
Vetting Vendors’ Cybersecurity
LMG Security’s Madison Iler discusses how to structure a vendor risk management program (and where to spend your time) and ...
