third-party risk (7)

Challenges in Third Party Risk Management

Ahead of the 14th Edition Third Party Risk Management And Oversight For Financial Institutions in NYC, February 27-28, 2023, we have performed on the best practices followed by major US Banks in mitigating Third-Party Risk and managing vendor relations effectively.

In the world of finance, there’s always risk involved. But when it comes to working with third parties, that risk can be amplified. That’s why effective TPRM is essential for financial institutions. By understanding both the risks and

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As explored in our previous blog in this series, Integrate C-SCRM Across the Organization was the first of 8 Key Practices for Cyber Supply Chain Risk Management (C-SCRM) programs outlined in the National Institute of Standards and Technology (NIST)’s recent report, “Key Practices in Cyber Supply Chain Risk Management: Observations from Industry.” While, the integration of C-SCRM across the organization is foundational, it won’t lead to real change without NIST’s second Key Practice: Establis

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New Gartner Report Evaluates IT Vendor Risk Management Solutions

The 2019 IT Vendor Risk Management Magic Quadrant report is now available. This report evaluates 16 solutions within the IT Vendor Risk Management (VRM) landscape, based on each vendor’s completeness of vision and ability to execute. This report can be utilized as a resource in the IT VRM software solution decision-making process to better understand the Vendor Risk Management landscape.

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See which vendors wer

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NAVEX Global
 

Toolkit: Best Practices for Vendor Risk Profiling

Too often, vendor red flags fall through the cracks and open your organization to unknown risk. Arm yourself with a strong defense by having a vendor risk management program built on best practices and regulatory guidance.

Download the toolkit to learn:

  • Factors to consider when setting up new vendors
  • How to determine when to do additional reviews or when to walk away
  • Appropriate ways to handle potentially “high-risk” third parties 
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                 A Message From Our Partner

NAVEX Global
 

Minimize Your Third-Party Risk
with Vendor Profiling

Managing third-parties can be tricky, and mistakes costly. What factors should be considered when setting up new vendors? How do you determine which vendors need additional review? How should your third-party risk management program be structured?

Join this webinar to learn the best approach to third-party risk management and hear practical use cases from FCPA expert Michael

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A Message From Our Partner

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Dear Global Risk Community member,

Third-party risk has evolved over time as companies continue to leverage outside products and services to gain a competitive edge in their markets. Understanding the finer points of a third-party relationship and what real risks exist has led to an industry of people, process, and technology solutions available to help companies consume, analyze, and make decisions on how they utilize and mitigate third party expo

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Staying a Step Ahead of Third-Party Risk

A Message From Our Partner

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eBook Staying a Step Ahead of Third-Party Risk

Staying a Step Ahead of Third-Party Risk

Mitigating risk isn’t easy, especially in light of government oversight from the Department of Justice, Securities and Exchange Commission, and Internal Revenue Service amongst others. In this day and age, it’s important to ensure your risk and compliance program has exceptional processes and procedures in place to better prepare for the future.

Produced by Compliance Week and sponsored by ProcessUnity, the Staying a St

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