Getting Governance Right: a Handbook for Today’s CEO and the Board of Directors
This book brings together expertise on all things Board related, exploring topics from best practices to the benefit of diversity ...
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.
DOJ: Evaluation of Corporate Compliance Programs, Updated Guidance – 2020
Tom Fox provides an overview of the DOJ's updated Guidance on the Evaluation of Corporate Compliance Programs, exploring key themes ...
Ongoing Monitoring of Third Party Relations
Defining a Risk-Based, Scalable & Sustainable Approach As companies continue to globalize their business opportunities, they are exposed to an ...
Global Shipping & Maritime Industry: The Increasing Complexity of Sanctions on the Risk Control Framework
In the last two years, the United States and its international allies have significantly increased the use of sanctions against ...
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 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 ...
Artificial Intelligence: Building the Foundation for Internal Audits that Deliver Value
Nielsen’s Kevin Alvero and Randy Pierson explore the fundamental elements that should be included in any approach to doing internal ...
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 ...
Whitepaper: Modern Slavery Compliance
Jurisdictions around the world are increasingly requiring companies to have Modern Slavery compliance programmes in place to prevent the risk ...
Making Third-Party Risk Management Drive Value
Reimagining Risk A recent Deloitte poll surveyed nearly 2,400 professionals in a bid to better understand third-party or extended enterprise ...
