Geopolitical risk stems from war, terrorism, and even ongoing tensions between states that derail normal and peaceful international relations. Geopolitical risk has an adverse impact on the delicate balance of the world’s economy, security, and political relations.
What does geopolitical risk mean for your organization and third party risk management (TPRM)? Risks emerging from recent Russian aggression against Ukraine have potential consequences for your organization’s Business Continuity, Compliance, Cyber, Data Privacy, Supply Chain, and Technology risks.
This guide helps those managing third party risk to understand and manage possible risk exposure arising from the Russia/Ukraine conflict. This paper offers practical guidance on how to apply relevant portions of the Shared Assessments Standardized Information Gathering (SIG) Questionnaire to existing questionnaire responses to determine the impact the Russia/Ukraine conflict could have on your third parties.