If third-party providers violate regulations, they expose their clients to a compliance risk. Third-party risk management ...

TPRM today prioritizes fear of penalty over pursuit of real security. By investing in a comprehensive, targeted approach, ...

BOSTON--(BUSINESS WIRE)--ProcessUnity, The Third-Party Risk Management (TPRM) Company, achieved continued market momentum in 2024, highlighted by customer growth, platform upgrades, and industry ...

Third-party reviews should be a collaborative effort among internal teams such as risk management, compliance, IT, procurement and an internal or external legal adviser. As part of this risk ...

Universal Data Core: Third-Party Risk Management, by nature, ... ProcessUnity simplifies this process by providing a unified platform where all data related to third-party risk can be stored, ...

The price to pay for the lack of third-party risk management (TPRM) can be high. An IBM report revealed that the cost of a data breach increased by almost 3% from 2021 to 2022 , amounting to $4.35 ...

Third-party cyber risk management (TPRM) is broken. What’s Wrong With TPRM? Look at the situation on the front lines. TPRM vendors are selling 10-year-old products that badly need an update.

A straightforward vendor management process forms the backbone of any strong third-party program. It includes identifying vendor needs, selecting the right partners, negotiating agreements, and ...

How Does Third-Party Risk Management Work? Third-party risk management is a process that helps a business automatically vet potential vendors. IT leaders can run risk assessments through ServiceNow’s ...

CyberGRX, which offers a global cyber risk exchange for its third-party cyber risk management programs, is similarly venture capital-backed, having raised $99 million in funding.