Cyber Risk Mitigation, Courtesy the FBI
Early engagement with federal investigators creates strategic advantages that extend far beyond incident response
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.
Third Parties and the Red Flags You Don’t See
The on-boarding process for new third parties represents both the biggest opportunity for risk and the greatest opportunity for improving ...
5 Essential Improvements to Corporate Governance
Achieving a corporate culture focused on ethics and compliance doesn't happen by accident. It takes a concerted effort from the ...
Reflections from a Survivor of a Corporate Train Wreck
It all started peacefully enough. At 7 am, I parked my car in the underground parking garage of our Connecticut ...
The Master List of Third-Party Corruption Red Flags
Under the FCPA, companies and individuals can be liable for the bribes that their agents, consultants, sales representatives, distributors, lawyers, ...
5 Essential Steps to Build & Scale a Third-Party Risk Management Program
Programs must be comprehensive, documented & defensible
Regulatory Pullback Amplifies Need for Strategic Risk Controls
Deregulatory environments can mask growing hidden risks from shareholder litigation to reputational damage
UK Corporate Crime Law Puts ‘Senior Managers’ in the Hot Seat
As Britain’s landmark economic crime law takes effect later this year, organizations face expanded liability and unclear guidance on compliance
Your Liability for Fraud: Are You Looking the Right Way?
Changes to UK regulation make companies responsible for third parties’ fraudulent conduct
Where TPRM Meets AI: Balancing Risk & Reward
Is your organization prepared for the dual challenges of AI in third-party risk management? Whitepaper Where TPRM Meets AI: Balancing ...
9 Emerging Use Cases for AI in TPRM
(Sponsored) As third-party ecosystems grow more complex, compliance teams face mounting pressure to assess and monitor external relationships effectively. Miriam ...
Relationship (Owner) Goals: Why Half Your TPRM Red Flags Stay Hidden
The front-line staff who manage vendor relationships are uniquely positioned to spot problems before they escalate, yet many organizations fail ...
