Category: Risk Management
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The Evolving Landscape of Third-Party Risks in Financial Institutions
The Growing Reliance on Third Parties Featured Topics Third-Party Risk Management Cybersecurity and Risk Management Financial institutions (FIs) are increasingly turning to third parties to enhance their competitiveness and drive innovation. This growing reliance on technology-based services provided by third parties is a significant trend in the industry. Increased Regulatory Scrutiny Regulators worldwide are placing…
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Understanding Vendor and Third Party Risk Management
Understanding Vendor Risk Management (VRM) Featured Topics Third-Party Risk Management Cybersecurity and Risk Management Vendor Risk Management (VRM) is the process of evaluating and assessing the risks associated with new and existing vendors in order to ensure that they do not pose unacceptable risks or disruptions to a business. This encompasses any third-party vendors that…
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The Importance of Integrating Third-Party Security Assurance into Enterprise Risk Management
Introduction Featured Topics Third-Party Risk Management Cybersecurity and Risk Management Enterprise risk management (ERM) is a critical component of any organization’s overall risk management strategy. It involves identifying, assessing, and mitigating risks that could impact the achievement of business objectives. In today’s interconnected business landscape, third-party security assurance plays a crucial role in enhancing the…