Best Practices
Innovations in Third Party Continuous Monitoring
This paper documents how to apply an emerging best practice to improve third party risk management program governance. Embedding the continuous feedback “OODA Loop” – observe-orient-decide-act – into third party risk management programs can be expected to improve an organization’s risk posture by providing a proactive approach to risk management. This paper provides guidance that equips stakeholders in third party risk management to frame internal discussions around implementing this approach within their individual organizations.