Common Pitfalls in Third-Party Due Diligence
5 Risky Mistakes Companies Make Third-party relationships result in a majority of FCPA resolutions and investigations. Dan Wendt, member at ...
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.
The Growing Problem of Corporate Fraud
And Striking the Right Balance to Fight It The reality is that the vast majority of corporations have a fraud ...
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 ...
“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 ...
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 ...
Deloitte Poll Reveals Maturity Shortfalls in Programs to Manage Third Parties
NEW YORK (March 26, 2018) — According to a recent Deloitte poll, over one-third of respondents define their current organizations’ ...
Lockpath Partners with RapidRatings to Increase Third-Party Risk Visibility
Technology Integration Will Bring Together Integrated Risk Management and Financial Health Ratings Overland Park, KS (August 14, 2018) – Lockpath, a ...
Confidence Falls as Cyber Threats and AI Add to the Challenges of Risk Management
A recent survey of compliance and procurement professionals finds cybersecurity risk and artificial intelligence adoption top list of concerns Short ...
ProcessUnity Expands Vendor Risk Management Software with New Best Practices Configuration
New out-of-the-box configuration provides quick-to-deploy, comprehensive solution for third-party risk management CONCORD, MASS. – ProcessUnity, a leading provider of cloud-based applications ...
New CCPA, GDPR TPRM Privacy Guidelines and Checklists from Shared Assessments
Up-to-the-Minute Privacy Guidelines and Compliance Checklists Help Organizations Demystify Statute Complexities and Execute a Phased Approach to CCPA; Updated GDPR ...
New Products from ProcessUnity to Enhance TPRM Programs
ProcessUnity Introduces Vendor Intelligence Suite, Launches Vendor Cyber Intelligence with BitSight to Enhance Third-Party Risk Management Programs First in a ...
