Third-party risk was identified as a top threat by compliance leaders in 2019. In fact, 83% of executives tell us that third-party risks were identified after initial onboarding and due diligence. As these external partnerships become increasingly complex, the need for a new approach is clear. Current monitoring approaches cannot account for inevitable changes in business today.
Stay ahead of these legal and compliance risks
There are 15 main risk areas that legal leaders will focus on in the next two years. The “2020 Legal, Compliance and Privacy Risk Hot Spots” report provides a forward-looking view on these risks and their impact.