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Establishing a Third-Party Risk Management Program

$48.00

SKU: crs-1683735 Category:

Description

<p>Third-party risk management (TPRM) is the process of analyzing and controlling risks associated with outsourcing to TP or service providers. This includes access to your organization&#39;s intellectual property, data, operations, finances, customer information or other sensitive information.</p>

<p>In today&rsquo;s complex economy, utilization of TP providers is a norm rather than an exception. The engagement of TP providers, as well as subservice or &ldquo;fourth-party&rdquo; providers, presents risks that organizations should take action to manage. Risks posed by an organization&rsquo;s TP providers should be considered by the organization when establishing their TPRM program. Inability to establish a solid TPRM program could leave your organization at undue risk.</p>

<p>Organizations are now facing risks such as the threat of high-profile business failure, illegal third-party actions being attributed to the organization, or regulatory enforcement for actions taken by third-parties. It is critical organizations have a robust, mature TPRM program that encompasses all aspects of risk and all stages of the lifecycle that a TP can transition through from initial due diligence to business continuity.</p>

<p>Within this course, we will discuss the concepts around establishing a solid TPRM process for any organization. Future courses will then examine the process of auditing your TP relationships.</p>

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