Third-party risk is one of the most pressing challenges for compliance leaders. Organizations are increasingly dependent on third parties to do business, provide goods and services, and improve operational efficiency. However, only 16% of organizations say they effectively manage third-party risks.
Further, third-party risks can have severe costs and consequences for affected companies, including supply chain disruptions, vendor fraud, cyberincidents, data loss and multimillion dollar regulatory fines.
Download this Gartner Trend Insight Report to:
- Understand the top trends in third-party risk management
- Obtain insight on enhancing third-party risk governance to drive program effectiveness
- Learn about new regulations that could impact TPRM, specifically around ESG requirements