Gartner: 84% of Enterprise Risk Management Teams Have Overlooked a Third-Party Issue
A staggering eight in 10 executive risk committee members say their organizations have experienced operations disruptions due to a third-party ...
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.
Regulatory Clarity Is Coming, But Companies Still Need to Thread the Needle on ESG
A handful of ESG-related regulations are in the works or go into effect in 2023 targeting global supply chains. Despite ...
Top 10 Compliance Stories of 2022
The more things change, the more they stay the same. This time last year, we summarized the top 10 ESG ...
Where Does Your Cotton Come From? Dismantling Global Forced Labor Requires Pinpoint Supply Chain Transparency
At any given time on earth, an estimated 25 million people are forced to work against their will. The human ...
How to Account for Emotional Intelligence in Third-Party Risk Management
Third-party risk management (TPRM) has grown in prominence as organizations increase their reliance on external parties, from cloud providers to ...
Never the Same: 5 Ways Russia’s Invasion of Ukraine Will Impact Business Forever
Tom Fox’s musings on the war following a recent chat with Exiger CEO Brandon Daniels; the pair discuss the ways ...
LogicGate Risk Cloud Adds Black Kite Integration for Third-Party Risk Management
LogicGate’s Risk Cloud compliance platform has added integration with Black Kite, which offers cyber ratings, Open FAIR financial risk quantification, ...
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 ...
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 ...
Framework for a Third Party Risk Management Program
This 9-page paper from My Compliance Office outlines the key steps you must take when constructing requirements for a modern ...
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 ...
