September 17, 2024
Few Stats A study by Shared Assessments (2022) found that 45% of organizations categorize their vendors into 3 or more risk tiers (e.g., High, Medium, Low). The same Shared Assessments study (2022) showed that 67% of organizations use continuous monitoring for their high-risk vendors. This trend is growing due to Read more…
September 16, 2024
Third-Party Risk Management (TPRM) is essential not just for mitigating risks associated with external vendors, but also for ensuring that internal business teams are functioning effectively and securely. However, managing third-party risks can present several challenges that organizations need to address strategically. Below are some common challenges in TPRM and Read more…
August 25, 2024
Navigating the Intersection between ESG and Third Party Risk Management: A Modern Approach to Sustainability In today’s rapidly evolving landscape, the intersection of Environmental, Social, and Governance (ESG) factors with Third-Party Risk Management (TPRM) has become increasingly pivotal. From global pandemics and climate change to geopolitical conflicts, ESG considerations are Read more…
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