How To Mitigate Third-Party Risk

Wondering how to mitigate third-party risk? You’re not alone. Relationships with suppliers, vendors and contractors are integral to any company’s survival, but managing the inevitable risks and protecting your brand is no easy feat. Failing to mitigate these risks effectively can result in data breaches, damaged reputations and even legal implications from confidential leaks. According […]

Navigating Third-Party Risk Management: TPRM Best Practices

Dealing with risks that come from working with parties, also referred to as third-party risk management (TPRM), involves tackling challenges that arise in business relationships. In today’s interconnected business world collaborating with business has become essential, making TPRM a critical factor to consider. This article aims to discuss the practices for TPRM, providing businesses with a guide […]

Vendor Risk Management

Vendor Risk Management

When it comes to compliance with regulatory bodies, many of us forget that those laws don’t just apply to us. They also apply to the companies we choose to work with. From the top down look at Vendor Risk Management like the chart above. You need to manage the following 5 tiers: Even if your […]

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

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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. […]