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Third-party risk management: How to avoid compliance disaster
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Third-party risk management: How to avoid compliance disaster
Whether your organization is aware or not, it does relly on third-party services providers that help to make business processes more effective and efficient. However, working with third parties also involves risk. Companies should therefore establish a third-party risk management (TPRM) approach. What is third-party risk management? TPRM is a strategic approach that aims to identify, assess and manage the risk of working with third-party provide…
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