Browsing: risk management

Organizations rely on a vast network of suppliers, partners, and third-party vendors to efficiently deliver goods and services in today’s interconnected business environment. However, relying so heavily on outside parties exposes companies to risks that could harm their operations, reputation, and security. Organizations must implement strong third-party risk management (TPRM) strategies, including due diligence, ongoing monitoring, and proactive risk mitigation measures to protect themselves from these risks.