Ensuring risk caused by third parties does not occur to your organization is becoming increasingly difficult. Every business outsources some aspects of its operations, and ensuring these external entities are a strength and not a weakness isn’t always a straightforward process. In the coming years we’ll see organizations dedicate more time and resources to developing detailed standards and assessments for potential third-party vendors. Not only will this help to mitigate risk within their supply chain network, it will also provide better security. As demand for third-party risk management (TPRM) grows, here we discuss some of the key reasons why we…
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