Noncompliance. Cyberattack. Data breach. Mere words, but words that strike fear in the hearts and minds of proactive risk managers and finance executives. Operational risk is intrinsic to nearly every activity or event in the financial and customer-data sectors. And it doesn’t help that standard financial risk-management assessment and practices are outdated with inherently limited […]
Most enterprises are now leveraging third parties to play key operational roles. Third parties can drive greater efficiency, functionality and productivity often with much less effort and at a lower cost than a proprietary solution. Unfortunately, there’s a downside to third-party relationships, and that’s the inherent and potentially significant increase in risks that they bring […]
What are the leading practices that enable a successful and effective TPRM program? We’ve identified seven essential disciplines for managing all third-party risk.
Go Beyond Cyber and Financial Assessments: Here’s How to Enhance Your TPRM Program for 2020 and Beyond
Financial and cyber threats are rightfully a top concern for businesses today, but third-party and global business disruption risks go far beyond cyber and financial concerns. When you compound financial and cyber risks with the ever-changing business environment, geopolitical events and increasingly frequent severe weather events, a TPRM program that only periodically assesses financial and […]
Contemporary corporations are expansive by nature. Often, continued success or even survival requires rapidly opening new markets, dramatically increasing production capacity and/or incorporating specialized expertise and capabilities. In many cases, the most time-efficient and cost-effective way to achieve these goals is through entering into relationships with third parties. Third parties can enable great results, but […]
Are You Using RSA Archer® Suite for Your TPRM? Supercharge It With Continuous Risk Data and Intelligence from Supply Wisdom
Whether you’ve had to protect your clients’ financial data from the threat of third-party attacks, plan for natural disasters that could affect your partners or develop strategies to deal with a political disruption, RSA Archer has provided you with the tools to manage third-party risk assessments and the actions resulting to mitigate any issues identified. […]
Why an effective risk management process must include continuous assessment.