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.
Portland, OR (June 11, 2020) – NAVEX Global®, the leader in integrated risk and compliance management solutions, today announced the availability of ...
Offering Provides Crucial Insight into Financial Health of Vendors and Suppliers Concord, MA (July 28, 2020) – ProcessUnity, a leading provider ...
London and New York (October 5, 2020) – Refinitiv has today acquired The Red Flag Group, significantly expanding its suite of due ...
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 ...
Following guidance released in June, attorneys from Epstein Becker Green examine the latest guidelines for how the Department of Justice ...
What might be among the largest regulatory and compliance burdens organizations face in the near future? Operational Resilience. Protiviti’s Ron ...
In times of crisis, it’s especially critical to know who critical suppliers are, to proactively monitor them for risk and ...
With the average cost of a data breach in 2019 as high as $3.9 million, it’s imperative for companies to ...
Cowden Associates CEO Elliot Dinkin discusses the liability health care organizations assume when enlisting the services of a “business associate” ...
How can compliance programs support their firm’s recovery from COVID-19? Kroll’s Daniel Hartnett suggests that due diligence best practices can ...
