In a See-Through Economy, every risk is a reputational risk. That’s why disasters that stem from your third parties are just as damaging to you as it is to them. Outsourcing has become an inevitable part of doing business, which means third-party risk transcends industries. What makes this governance area to complex, yet so important? And how can you manage it effectively?
In this infographic, you’ll get a look at:
- Stats on how complex third-party management is getting
- Where companies are falling short on managing their vendors
- A few key steps to consider to improve your TPRM program