Tag: Third-Party Risk Management
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Understanding Vendor and Third Party Risk Management
Understanding Vendor Risk Management (VRM) 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 an organization regularly engages with, including software-as-a-service (SaaS) providers,…
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Analyzing the Impact of Regulatory Requirements on TPRM: GDPR, SOC 2, and More
Regulatory compliance is a critical aspect of any organization’s operations, ensuring that they adhere to the necessary legal requirements and industry standards. In the realm of Third-Party Risk Management (TPRM), regulatory compliance plays a significant role in mitigating risks associated with third-party relationships. In this article, we will analyze the impact of various regulatory requirements…