Innovative third party risk management after a disruption
While third parties are often vital for organizations to prosper, they can also bring immense risks. Disruptions such as COVID-19 can shift how third parties operate and alter their risk profile. TPRM can address third-party risks, such as:
- Supply chain disruption
- Reputational damages
- Corporate fines
- Cyber breaches
Some strategies KPMG can help you implement include:
- Updating third-party outsourcing strategies
- Identifying new high-risk third parties
- Complying with internal policy and regulatory requirements
- Evaluating continuous controls monitoring
- Consistently managing third-party services risks
Download this paper to learn how your organization can improve TPRM program resilience and reduce risk.
