Evolving global regulations and an increasing reliance on third parties are reshaping how organizations think about risk. As more goods and services are outsourced, businesses face rising privacy, security, compliance and operational risks, making the effective management of third parties mission critical.
Given this, risk teams now recognize the need to move beyond siloes and bridge the gap between risk domains, leading to more holistic third-party management (TPM).
This whitepaper breaks down third-party risk management, the target outcomes for TPM in financial services, technology and manufacturing and outlines five key considerations before implementing this approach organization-wide.
Download this whitepaper to learn:
- The importance and challenges of TPM.
- How to address third-party risks.
- Strategies for moving beyond risk siloes.