Building a Resilient Third-Party Risk Management Program: Tips for Creating a Robust and Adaptable TPRM Program
In today’s interconnected business landscape, third-party risk management (TPRM) has become a critical component of an organization’s risk management strategy. TPRM involves identifying, assessing, and controlling the risks associated with outsourcing various business functions to external vendors. These third-party relationships can range from IT service providers and suppliers to consultants and contractors. Each partnership brings[…]