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Keys to Organizing a Successful Third-Party Risk Management Program

Audit Board

Whether an organization works with 10, 1,000, or 10,000 third parties, any third-party risk management (TPRM) program faces the same challenges: organization, visibility, and limited resources. One helpful resource is our guide to Effective Third-Party Risk Management: Key Tactics and Success Factors.

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Stay Ahead of the Curve: Top 5 TPRM Initiatives to Prioritize

Audit Board

60% of organizations work with over 1,000 third-parties. That number is expected to skyrocket in a short amount of time–and TPRM risk initiatives aren’t keeping pace. identifying key vendors critical to operations, resiliency around critical processes). dollars spent, adherence to SLAs, performance to budget).

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Get to Know Your Third Parties Better: Key Questions to Ask

Audit Board

With rising inflation and supply chain bottlenecks, companies are looking for ways to manage risks and expenses. An important strategy in such a disruptive environment is to review your company’s third-party relationships. Can You Conduct a Third-Party Culture Risk Assessment?

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Top Takeaways From the Digital Risk Maturity Report 2022

Audit Board

Digital risk has become one of the fastest-growing, most pervasive risks in any organization. Gartner defines “ digital risk ” as the set of risks inherent in digital products, services, and supporting processes. Download the full report here , and read on below for an overview of the report’s key findings. .

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Tactics for Continuous Third-Party Risk Monitoring

Audit Board

Third-party risks change as the business changes. Security breaches, new contracts, and changes in internal risk ownership — to name a few examples — can all impact the performance of a third-party risk management program (TPRM). Security Controls Questionnaires. Onsite audits.

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Vendor Risk Management Best Practices

Audit Board

The importance of robust vendor risk management, or “VRM”, practices has been illustrated by a number of cyberattacks and data breaches that have originated from vendors and gone on to significantly impact the organizations using their services. What is Vendor Risk?

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Enterprise TPRM Leaders Specify Third-Party Risk as a Critical Priority

Audit Board

With third-party breaches continuing to escalate in velocity and impact, it’s no longer enough to secure internal assets; organizations must be doubly sure any sanctioned entity with network permissions does not become an unwitting conduit for malicious activity.