59% percent of organizations have experienced a data breach due to third-party risk management, and yet management of these risks remains siloed and ineffective.
ERM leaders have a crucial role to play in standardizing vendor risk assessment, reducing duplication of efforts and speeding up due diligence to improve third-party risk management.
Download this Gartner guide to discover three key strategies to better manage third-party risk:
Leverage ERM expertise to move from a siloed approach to cross-functional collaboration
Create a standard framework for managing third-party relationships
Highlight areas of low visibility in the vendor network and set realistic expectations for response