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A well-executed TPRM program is not just a cost center but a value generator.

Third-Party Risk Management (TPRM) has evolved from a defensive necessity to a strategic cornerstone for organizational resilience and growth in modern business’s complex and interconnected world. TPRM transforms potential vulnerabilities into organizational strengths and tools for resilience, operational efficiency, and stakeholder trust.

This white paper explores the development of a mature TPRM maturity model and regulatory adaptations, and provides best practices into strategic implementation of people, processes, and technology.

In our latest white paper learn more about:

• A well-executed TPRM program at a glance

• Developing, implementing, and maintaining a maturity model

• Planning and adapting to regulatory demands

• Leveraging technological advancements, well-trained teams, and strategic systems

Bridging the gap between security, risk, and compliance doesn't come without its challenges. See the top-of-mind challenges and questions for CISOs going into the new year.

• How can risk teams work together to consolidate third-party management?

• Is it time to rethink the security questionnaire's design?

• How does security scale and meet demand while maintaining due diligence in an ever-evolving cloud ecosystem?

• What's being done to introduce — and responsibly use — AI?

Download the infographic 4 top-of-mind challenges for CISOs in 2024 to get more insights into these questions.

Venminder’s State of Third-Party Risk Management 2024 whitepaper provides insight into how organizations manage third-party risk today. Results provide an in-depth look at current practices, challenges, compliance incentives, and third-party risk management benefits for organizations to benchmark their performance and processes against their peers.

For this eighth whitepaper, Venminder surveyed individuals from a wide variety of organizations and industries, including financial services, fintech, retail, food services, insurance, healthcare, information technology, and more, in a nice balance of different sizes ranging from less than $1B assets or less than 100 employees to more than $10B assets or more than 5,000 employees.

This invaluable resource is full of third-party risk industry statistics, providing information you need to be aware of to make informed decisions on topics such as:

• Organizational structure

• Program investment

• Vendor landscape

• Vendor risk assessments

• Vendor due diligence questionnaires and documentation requirements

• Third-party risk management metrics

• Regulatory focus and exam/audit results

• Third-party risk management pressures

• Emerging vendor risks (such as cybersecurity, artificial intelligence, ESG, supplier diversity)

• Third-party risk management challenges

• Third-party risk management ROI

• And much more!

Grab a copy!

The Tigray conflict is one of the most prominent and long-lasting conflicts in Ethiopia. It began in November 2020 when the Ethiopian Government launched a military offensive against the Tigray People's Liberation Front (TPLF) in the Tigray region.

This article will explore what SBOMs are, why they’re becoming table stakes for compliance, and how they help build software supply chain security.

To mitigate risks associated with cotton sourcing, it’s crucial to understand the market forces at play and the restrictions that exert pressure on both suppliers and business customers. Our latest white paper takes a closer look at three of these major risks.

Exiger recently hosted a panel discussion with trade, technology and security experts to reflect on the law’s enforcement and what lies ahead. Key insights emerged on why the law is so significant and what supply chain lessons businesses can learn today to continue to comply with the UFLPA. See the highlights below.

Welcome to Open Source, powered by breachsiren, the leading newsletter tracking recent data breaches and how much they cost.

Your critical vendors provide products or services which your organization is highly dependent on. One of the most challenging exercises in third-party risk management is how to establish standards for identifying who those critical vendors are. Learn the questions you can ask to determine if a vendor is critical or non-critical. 

Download the infographic to learn: 

• How to determine the criticality of your vendors

• Examples of critical third parties at your organization

• The distinction between a critical and high-risk vendor

In June, the Federal Reserve Board (the Board), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) released official interagency guidance on managing third-party relationships and banks of all sizes are expected to comply now. What does this mean for your third-party risk management program? This eBook covers some of the essential details and highlights new or expanded expectations. 

Download the eBook to learn: 

• Who is covered under the new guidance 

• 7 key takeaways from the guidance

• Common questions about the guidance with answers

Results from Venminder’s seventh annual Third-Party Risk Management survey provides an in-depth look at current practices, challenges, compliance incentives, and third-party risk management benefits. This whitepaper is full of industry statistics from data collected on a wide variety of organizations and industries, including financial services, fintech, retail, food services, insurance, healthcare, information technology, and more in a nice balance of different sizes ranging from less than $1B assets or less than 100 employees to more than $10B assets or more than 5,000 employees. While third-party risk management is a well-established practice, it’s also a constantly evolving one. Organizations of all sizes and industries must continually adapt and change to effectively identify, assess, manage, and monitor vendor risks. 

Download the whitepaper for industry stats and best practices you need to be aware of to make informed decisions on topics such as: 

• Organizational structure and program investment

• Vendor landscape and operating models

• Vendor risk assessments and vendor due diligence questionnaires and requirements

• TPRM metrics, pressures, emerging risks, ROI

• Outsourcing TPRM

• And much more!