Enterprise Risk Management now needs to be Extended Enterprise Risk Management. The days of blaming issues with a third party for your troubles are long gone. The management of your third parties/extended enterprise and the related supply chains is now expected as part of good risk management.
However, it is not easy. We have less influence and transparency over our third parties as separate legal entities yet what they do and the risks they experience can be a major source of risk for us.
For most organisations, vendors are the most significant third party and – as a result – are the major source of third-party risk. As a result, it makes sense to focus on vendors and the management of the various risks they pose.
This webinar with Protecht’s Chief Research and Content Officer, David Tattam and Research and Content Lead, Michael Howell, will provide you with an overview of vendor risk management’s drivers and benefits, and set out how you should go about implementing your organisation’s VRM program.
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