Enterprises typically assess the financial, IT-security and compliance history of third parties they do business with, to make sure these companies meet specific requirements. The data offers an excellent foundation for building a third-party risk profile – but it is not enough.
For a total view of risk, companies also have to manage events unfolding in real time. Companies in all industries need to identify, assess and mitigate the risks posed by third parties.
Download this whitepaper to answer these questions:
- What are the three phases of the risk management life cycle?
- How can organizations assess risk impact and general criticality?
- How do action plans help companies mitigate risk and build resilience?
Download our whitepaper today!