Blog Category - Best Practices

Best Practices, Framework, Industry Guidance, and Regulations

Audit Readiness is an Operational Discipline

If your third-party risk management program has existed for more than a couple of years, you know that audits and examinations no longer qualify as occasional interruptions. External auditors, internal auditors, regulatory examiners, and other external specialists are asking more...

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Best Practices, Cybersecurity, Framework, Industry Guidance, and Regulations

Evaluating Third-Party AI Use: How to Address Three Real-World Scenarios

Third parties are rapidly integrating artificial intelligence (AI) into products, services, and business processes. Whether a legal team buys an AI-powered research tool, a software vendor uses generative AI to write code, or a critical supplier quietly adds AI capabilities...

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Best Practices, Framework, Industry Guidance, and Regulations

Third-Party Risk Board Reporting: Making Every Metric Count

Boards are demanding clearer, decision-focused insight into third-party risk driven in part by regulations such as DORA and NIS 2 which explicitly elevate board accountability for Information and Communication Technology (ICT) resilience. Directors are now expected to actively oversee risk...

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Best Practices, Risk Landscape

Types of Vendor Risk and How to Mitigate Them

Types of Vendor Risk and How to Mitigate Them Vendor partnerships enable organizations to innovate, scale operations, and improve service delivery. Yet these same relationships introduce exposures that can impact operational stability and compliance integrity. When third-party relationships are not...

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Best Practices

Essential Guide to Effective Third-Party Due Diligence Practices

Essential Guide to Third-Party Due Diligence Modern organizations operate through a complex web of vendors, suppliers, contractors, and service providers. These partnerships enable innovation, efficiency, and growth, but they also expose companies to new layers of risk that can affect...

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Best Practices

Five Takeaways From EY’s New TPRM Research

On June 25th, Shared Assessments hosted another in a series of “All Committee” meetings designed to bring together members from a diverse set of TPRM interest groups to engage on a single topic. The June meeting’s focus was “From Insight...

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