Third-party risk management (TPRM) is crucial to any risk management plan. It entails recognizing, analyzing, and mitigating risks connected with third-party connections, including those with suppliers, vendors, contractors, or partners. TPRM is more crucial than ever as organizations depend on third-party suppliers for essential operations and services.
Many developments are expected to shape the TPRM environment in 2023. The rising utilization of artificial intelligence (AI) and machine learni