Business today is a complex web of third-party relationships, and risks of disruption from these third parties are increasing in frequency and severity.
Problem: Most enterprises follow a siloed approach with assessments of a few risks
- Data collected at a point in time is quickly stale – fails to present a current view of risk
- Usually limited to financial and cyber (often lagging indicators of trouble) – fails to present a comprehensive view of risk
- Siloed approach – fails to provide an enterprise-wide view of risk
All of which leaves organizations unable to prevent third-party and supply chain disruptions.
Solution: Real-time full-spectrum third-party risk intelligence
- Real-time intelligence provides an early warning – to enable effective proactive risk mitigation actions
- Full-spectrum coverage brings any leading indicators to your attention – to enable focus on most today’s most critical risks
In this CRO Wisdom discussion, risk leaders Atul Vashistha, CEO, Supply Wisdom, and Debra Zoppy-Hendershott, Head of TPRM & Op Risk Business Resiliency, Guardian Life and Mike Rasmussen, GRC Pundit & Analyst, GRC 20/20 Research talk about the integration of continuous, full-spectrum risk intelligence into existing third-party risk/GRC architecture can deliver the continuous 360° situational awareness enterprise resilience requires today.