There are many benefits to working with third parties, and many organizations—across all industries—rely on outsourcing responsibility to better serve customers, grow revenues, and cut costs. But, if not managed properly, bringing on third parties can introduce a long list of risks that can cause serious damage to an organization’s financial and reputational well-being.
As third-party failures continue to make front-page news—especially cybersecurity-related ones—it’s more important than ever for organizations to properly scrutinize vendors to minimize their risk exposure.
In this eBook, we’ll discuss the essentials of third-party risk management, as well as:
- How third-party risk management differs from vendor risk management.
- How to begin the process of picking a risk management framework that best fits your organization.
- How to learn from real-world risk management disasters.