Strategies to Mitigate the Cost of a Risky Third Party Relationships

Third party incidents like data breaches, fraud, and others can disrupt businesses. Third party management is emerging as a strategic, value-add activity, but many organizations still evaluate and address third party management in silos, limiting the insight and actionable information they have related to their exposure to risks and performance of critical third parties. For effective management, a deep, informed understanding of risks and the impact on their organization is increasingly important. A comprehensive program and technology-enabled execution enables predictability and dramatically reduces costs, while improving risk and performance management. The last thing your organization needs is to deal with a significant issue or incident that could have been avoided, along with penalties, fines and the costs of remediation.

 

In this webinar, experts will provide insights on :

•Key risk exposure from third parties

•Understanding the direct and indirect cost implication

•Best practices for avoiding third party risks

•Role of technology in managing TPRM program

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