What's Working With Third-Party Risk Management?
Defense in Depth
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Navigating Vendor Risk Management
This chapter explores the essentiality of measuring vendor risk in light of recent incidents, focusing on vendor criticality and the potential impact of vendor failures on customer service. It discusses proactive strategies for building resilience against these risks, the significance of stakeholder collaboration, and the implementation of testing environments for effective risk assessment. The dialogue emphasizes preparation and planning in managing third-party relationships to maintain operational integrity and customer trust.
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