What is Third Party Risk Management | Centraleyes

🔍 Welcome to Our Deep Dive into Third-Party Risk Management (TPRM)! (www.centraleyes.com/best-prac...)
📈 As organizations expand and digitize, engagement with third-party vendors becomes inevitable, bringing both efficiencies and increased exposure to risks. Recent studies indicate a significant rise in data breaches linked to third parties, underscoring the importance of robust TPRM strategies.
Effective TPRM isn't just about avoiding risks; it's a strategic approach that can drive business growth. However, many companies struggle with implementing efficient TPRM programs, often resulting in fragmented practices. Common challenges include compliance complications, difficulties in automating third-party monitoring, and managing extensive network connections.
Chapters of this video:
00:01 - Introduction to Third-Party Risk Management (TPRM)
00:20 - The Rising Risks of Third-Party Engagements
00:35 - Challenges in Implementing Effective TPRM Programs
01:00 - The Role of TPRM in Business Growth
01:13 - Innovative Solutions for TPRM
📺 Watch Now and Learn! 🎥
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