Management guru Peter Drucker distilled the discipline of innovation into a set of enabling components, or “innovation opportunities.” These building blocks remain as relevant as ever, and they also apply to the field of third party risk management (TPRM). The...
The growing importance of risk management has led to the interest of senior management in understanding the risk environment. To begin, third party risk management programs must examine the risk metrics from their key performance indicators (KPIs) and key risk...
Getting the right ingredients can make or break any recipe you’re making. And certain foods simply can’t exist without certain essential ingredients. You can’t make guacamole without avocados or green bean casserole without, well, green beans. In the same way,...
Successful third party risk management programs are driven by Key Performance Indicators (KPIs) and Key Risk Indicators (KRIs). Strong KPIs and KRIs are meaningful for leadership and the board: these metrics paint a picture of an organization's overall third party...
The Cybersecurity Awareness Month initiative was created in 2004 by the National Cyber Security Alliance (NCSA) and the Cybersecurity and Infrastructure Agency (CISA) of the U.S. Department of Homeland Security. The focus of this month is to create community awareness on the importance...
Our collective ears at Shared Assessments perk up when “third party” is mentioned as evidence in a court room. A high-profile jury trial is unfolding in San Jose, California, and testimony has pointed to the use of third parties in...
