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.
The Fed, OCC and FDIC took an unprecedented step this summer in proposing a joint third-party risk management and information ...
New York, NY (September 7, 2021) TruSight, the financial industry’s leading provider of third-party risk data, today announced that it ...
Some risks do come and go. But amid headlines involving cyberattacks, climate change and corruption, it can be easy to ...
Both your company's data supply chain and its physical version have fundamentally similar business risks. Given the consequences of unethical ...
NEW YORK (June 9, 2021) – Drawbridge, a premier provider of cybersecurity software and solutions to the alternative investment industry, today announced ...
Shared Assessments plans to remain a vendor-neutral industry organization now with increased ability to scale SIG third-party risk standard adoption ...
Imagine if there were an annual award show for risk. Of course, due to the pandemic, the award show would ...
LMG Security’s Madison Iler discusses how to structure a vendor risk management program (and where to spend your time) and ...
Remember the panic around Y2K? Jay Fitzhugh, Chief Regulatory Officer at Mitratech, discusses why we are facing down a similar ...
Conducting thorough due diligence can be tedious work, but (as with most endeavors) putting in the effort yields the best ...
London and New York (October 5, 2020) – Refinitiv has today acquired The Red Flag Group, significantly expanding its suite of due ...
Offering Provides Crucial Insight into Financial Health of Vendors and Suppliers Concord, MA (July 28, 2020) – ProcessUnity, a leading provider ...
