Gartner: Cloud Concentration Rising on List of Risks
Third-party viability remains top emerging risk
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.
Globally, Regulators Are Making It Clear: FinServ Firms Must Become Resilient
The relentless upheaval of the past few years has uniquely affected the global financial services sector. And regulators are responding. ...
How Much Do You Really Know About Your Suppliers?
Ethical sourcing and due diligence have become crucial components of third-party risk management. But as Creditsafe's Matthew Debbage explains, many ...
Build and Scope Better Vendor Due Diligence Questionnaires
Make sure you're asking all the right questions when onboarding new third-party vendors White Paper Build and Scope Better Vendor ...
Best Practices for Fourth and Nth Party Management
Are you looking for enough down the line for vendor risks? White Paper Best Practices for Fourth and Nth Party ...
Risky Business: Important Lessons From SVB’s Demise
When all is said and done, it’s likely that Silicon Valley Bank’s failure will be traced back to one serious ...
Using TPRM Best Practices to Improve M&A Outcomes
Shared Assessments, leaders in third-party risk management and assessment, has issued new guidelines for organizations conducting mergers and acquisitions. The whitepaper provides ...
Shared Assessments’ Third-Party Risk Management Framework
The Shared Assessments member-led consortium for third-party risk management has introduced an assessment and monitoring module, the latest addition to ...
Sales at All Costs? Unified Credit Risk Management Can Squash Bad Deals Before They Happen
The collapse of a business doesn’t usually happen all at once. There are warning signs. Late payments, legal filings and ...
Unify Third Party Risk & Cybersecurity for Sustainable Resiliency
Align risk reduction efforts by bringing together third-party and cybersecurity functions White Paper Unify Third-Party Risk & Cybersecurity for Sustainable ...
Gartner: 84% of Enterprise Risk Management Teams Have Overlooked a Third-Party Issue
A staggering eight in 10 executive risk committee members say their organizations have experienced operations disruptions due to a third-party ...
Regulatory Clarity Is Coming, But Companies Still Need to Thread the Needle on ESG
A handful of ESG-related regulations are in the works or go into effect in 2023 targeting global supply chains. Despite ...
