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Reassessing Risk: The Move to Third-Party Management.

Source :
ISACA Journal; 2024, Issue 6, p59-61, 3p
Publication Year :
2024

Abstract

The article "Reassessing Risk: The Move to Third-Party Management" discusses the evolving global regulations and increased reliance on third parties, leading organizations to face complex risk challenges. Traditional third-party risk management and cybersecurity assessments are no longer sufficient, prompting the need for more holistic third-party management (TPM). Adopting TPM allows organizations to take a data-driven, risk-based approach to identifying and mitigating risks, ensuring compliance, and promoting alignment among internal teams. Embracing TPM is crucial for preventing disruptions, building resilience, and exceeding regulatory compliance in today's diverse and interconnected business landscape. [Extracted from the article]

Details

Language :
English
ISSN :
19441967
Issue :
6
Database :
Complementary Index
Journal :
ISACA Journal
Publication Type :
Academic Journal
Accession number :
180388560