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Securing Third Party Risk Management with the Right Data
Data-Driven Strategies to Safeguard Your Business Against Third and even Fourth Party Risks.
For risk, compliance, and procurement leaders managing third and fourth-party exposure.
Key findings
- TPRM is a top executive concern as the business world becomes more interconnected.
- Fourth-party risk management starts with the same building blocks as third-party risk management: solid, reliable data.
- More than half of companies (54%) assign dedicated IT and Risk teams to manage third-party cyber risk.
- The most common TPRM challenges always stem from insufficient data.
- Veridion's data universe — updated weekly — provides unparalleled accuracy and global coverage for TPRM.
Overview
What this report covers
A comprehensive guide to third party risk management (TPRM), covering the basics, key risk areas, data requirements, and how Veridion's data universe supports a robust TPRM framework.
54%put third-party cyber risk on dedicated IT and risk teams (Panorays)
2.5xdeeper supply chain intel for a Tier 1 consulting firm
Inside the report
Questions this report answers
- What is the real difference between third-party and fourth-party risk, and why does it matter?
- Who should own third-party risk management inside your organization?
- How do you build a TPRM framework on reliable, continuously updated data?
- How do sanctions and foreign-ownership exposure hide in your extended supplier network?
- How did one Tier 1 consulting firm get 2.5x deeper supply chain intelligence?
Contents
What’s inside
- The basics of third-party risk management
- Third party vs fourth party, and n-tier exposure
- Building a TPRM framework with reliable data
- Common challenges in developing TPRM
- The Veridion data framework for TPRM
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Read the full 25-page report
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