Risk Management Blog and Articles

October 9, 2020
Boost your Supply Chain Resilience

Third-Party Risk Management: The Good, the Bad, and the Ugly

There are many ways and frameworks to do TPRM, but organizations usually follow one of the following three: the good, the bad, and the ugly.
September 9, 2021
third party risk management for the insurance industry

Third Party Risk Management for the Insurance Industry: Tips and Best Practice

The insurance industry is fueled by data that multiple parties handle. Here's why insurers need third party risk management (TPRM).
April 2, 2020
third-party-risk-for-healthcare-organizations

Third-Party Risk Management for Healthcare Organizations: What, Why, and How

Healthcare organizations need to bring in a large number of technology providers to assist in delivering medical services, protecting data and complying with strict standards like HIPAA. So it’s fair to say that third-party risk management for healthcare organizations is a must.
April 23, 2020
tprm-financial-services-organizations

Third-Party Risk Management for Financial Services Organizations

Financial services organizations have to stay on their toes to ensure compliance in the context of outsourcing and third-party risk management (TPRM).
May 7, 2020
tprm-in-legal

Third-party risk assessments in Legal: SIG, SOC-2, ISO 27001 and other stories

With all the different types of certifications and risk assessments in Legal, what’s the definite proof that a third-party can be trusted?
August 6, 2020
Third-Party-IoT-Vulnerabilities

Third-Party IoT Vulnerabilities: Who’s in Charge of Securing Components?

Manufacturers rely on vendors that might develop vulnerable components. So who’s in charge of securing IoT devices and minimizing this third-party risk?
July 30, 2020
Third-Party Data Breach-Financial

What We Learned from the Latest Third-Party Data Breach in the Financial Services Industry

A ransomware attack against a vendor of a fund administrator exposed data of investors. We analyze how a TPRM program can help prevent a Third-Party Data Breach like this.
March 26, 2020
fourth-party-risk

What is a Fourth Party? Managing Fourth-Party Risk in Your Enterprise

So you have assessed your third-parties and established a TPRM program. But what about the risk posed by your vendors’ third-parties? It’s time to start thinking about fourth-party risk.
December 13, 2019

Designing your Third-Party Risk Management program: key essentials

ThirdPartyTrust COO shares some key points you need to take into consideration when creating a framework for your third-party risk management program.