Webinar Recap & Poll Results: COVID-19 – Conversation with TRPM Leaders
Written by Atul Vashistha

Meantime, check out our forthcoming webinar on COVID-19: Responding to Cascading Risk.
Key Takeaways:
1. What problems have leaders experienced thus far?
* Deterioration in health of third parties.
* Problems optimizing work from home, for instance not have enough licenses, security or technology assets to be able to enable a significant amount of people working from home.
Poll question: Has your third-party performance deteriorated in the last 2 weeks?
60% of respondents responded that they have already seen a deterioration in third-party performance.
2. What are people observing:
* Risks are cascading – which means that there will be progressive failures if this continues.
* The expectation is there will be more progressive failures precipitating the need to be able to understand and know on a timely basis the shortcoming or failings for both locations and third parties.
Poll question: How confident are you in your ability to monitor your third parties’ changing risk profile?
64% off the respondents are wary of their ability to monitor their third parties’ changing risk profile.
3. Solutions discussed:
* The need for timely information highlights the Importance of leveraging a risk intelligence solution that provides real-time and continuous risk monitoring and alerts so that leaders have access to the latest intelligence as the crisis continues.
* The need to react quickly and make informed risk mitigation decisions means risk intelligence must be curated so that risk responders don’t spend time finding relevant news.
* The need to take proactive, decisive action requires a response mechanism, either a response center or analysts (inhouse or sourced), that can provide guidance and monitor the actions that you take to mitigate those risks.
Register for the upcoming webinar here
Resources:
You can download the presentation here.
Watch the replay of the webinar: