For many years, third-party risk management professionals, consultants and evenregulators have said the same thing. To do TPRM right, you have to implement a risk-basedmethodology. Basically, you differentiate how deep you go with the risk assessment depending on thevendor. High risk vendors get a full assessment, medium risk vendors get less, and low riskvendors get … Read more
Most third-party risk programs don’t fail because of a bad tool or a lazy team. They failbecause of assumptions nobody questions. We see it again and again, across industries and across audit, risk and TPRM teams. Onesmall assumption gets baked into the process, and a whole group of vendors quietly fallsthrough the cracks. Here’s the … Read more
At some point in the lifecycle of most growing companies, the same thing happens. An enterprise prospect is sent over a security questionnaire. It could be 50 questions or 500 questions. It could be a spreadsheet, a web form, or a proprietary portal. It’s due in two weeks, or two days. And suddenly, the question isn’t whether you’ll win the deal. It’s whether you can answer … Read more