Audit Requirements in Third-Party Risk Management

3rd Party risk management service

Third-Party Risk Management (TPRM) audits are critical assessments conducted to evaluate and manage risks associated when your business opts to work with external partners and suppliers. Audit requirements in TPRM also serve to bolster your reputation as proof of due diligence, resulting in more reliable relationships and heightened stakeholder and consumer trust. The primary risk […]

The Significance of TPRM Continuous Improvement: Insights from Captain Compliance

3rd party risk management framework

In the past few years, cybersecurity threats have increased massively all over the world. To help control and manage these threats and security risks, governing institutions are regularly imposing strict regulations on businesses. This regulatory landscape is complex, and businesses are facing serious challenges safeguarding information associated with third-party relationships while meeting regulatory requirements.  However, […]

Compliance in Third-Party Engagements in 2024

3rd Party risk management service

Third-party Engagements in 2024 will be a big thing for businesses. When you work with suppliers, sellers, or partners, your business processes get complicated really fast. You must keep an eye on everyone and make sure no one’s doing anything illegal that could risk your business.  It isn’t just about checking off boxes for the […]

TPRM Guide

Third Party Risk Management Guide

Third-party risk management (also referred to as TPRM) plays a crucial role in compliance, covering the process and practices that organizations implement to identify, assess, monitor, and mitigate risks associated with their relationships with third-party vendors, suppliers, contractors, and partners.  TPRM is crucial for maintaining regulatory compliance, data security, and overall operational integrity, as third-party […]

TPRM Due Diligence

3rd Party risk management service

Understanding TPRM Due Diligence: A Comprehensive Guide Regarding third-party risk management (TPRM) in healthcare, due diligence plays a crucial role. This article provides a comprehensive guide about the fundamentals of TPRM due diligence, best practices, and various types and processes involved. By implementing effective TPRM due diligence practices, you can mitigate risks and ensure a […]

Understanding TPRM Due Diligence: A Comprehensive Guide

cookie consent design

Regarding third-party risk management (TPRM) in healthcare, due diligence plays a crucial role. This article provides a comprehensive guide about the fundamentals of TPRM due diligence, best practices, and various types and processes involved. By implementing effective TPRM due diligence practices, you can mitigate risks and ensure a secure and compliant business environment. Short on […]

Types of Access You May Provide to a Third Party in 2024

Access levels for 3rd party data

Third-party access is an operating mechanism used by organizations that allow third parties to secure access to data assets. Organizations can protect their internal systems, applications, and infrastructure by managing third-party access to ensure routine support and administrative functions. For various reasons, organizations often need to grant access to third parties in today’s interconnected landscape. […]

Navigating the TPRM Process

Understanding ROPA and Third Party Data Processing

Third-party risk management is essential for every business that works with vendors and partners because it reduces the risks of security issues, including data breaches and non-compliance.  Businesses need to implement a strategy that enables them to continuously monitor third parties and mitigate risks before they turn into serious problems. From developing a compliance framework […]

Third-party Risk Management Services: How to Choose the Right Company for You

3rd Party risk management service

When navigating the intricate web of third-party risk management in healthcare, it’s crucial for businesses to find a dependable partner to guide them. This article explores how third-party risk management services impact businesses, particularly in the healthcare sector, and the factors to consider when selecting a service provider. Our goal is to empower consumers with […]

How to Choose a Third-Party Risk Management (TPRM) Framework

Positives and negatives of vendor risk management

Reliance on third-party relationships¬†increases risks for businesses. To manage risks with vendors, suppliers, partners, and affiliates, companies need a solid third-party risk framework. This article explains what a third-party risk management (TPRM) framework entails and provides guidance on choosing one. We explain why TPRM is important to avoid penalties and reputational damage due to third-party […]