The Evolution of 3rd party Risk Management

Whitepaper

Enterprises typically assess the financial, IT-security and compliance history of third parties they do business with, to make sure these companies meet specific requirements. The data offers an excellent foundation for building a third-party risk profile - but it is not enough.

For a total view of risk, you also have to manage events unfolding in real time. You need to identify, assess and mitigate the risks posed by third parties.

Download this whitepaper to learn:

  • What the three phases of the risk management lifecycle are
  • How to assess the risk impact and general criticality
  • Why action plans help you successfully mitigate risk and build resilience

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About riskmethods

riskmethods empowers businesses with a solution to identify, assess and mitigate supply chain risk. By using artificial intelligence, we help you automate and accelerate threat detection, enabling you to gain competitive advantage with a well-managed approach to meeting customer demands, protecting reputation and reducing total cost of risk.