Organisations face increased exposure ad liability for data breaches in third-party relationships. The challenge is that a TPRM program involves a coordinated effort across operational risk, control and compliance functions, as well as the line of business that owns the relationships. This requires a facilitated collaboration between departments, such as procurement, IT security, privacy, legal, corporate compliance, and others. Furthermore, there is a greater regulatory focus on accountability for third party risks.
SureCloud has developed the TPRM Maturity Journey Guide to help communicate and assist organisations in accelerating their TPRM program and processes.