Outsourcing business functions has become common and is the norm instead of the exception. From IT services to supply chain management firms, nearly every organization today relies on third-party providers to some extent. However, this convenience comes at a cost, as businesses are exposed to greater risk.
Third-party risk management should be prioritized for all financial organizations, from global giants to personal startups. As a business, you would do well to ensure third-party risk is on you
