13min chapter

Risk Management Show cover image

Avoid These 3rd Party Risk Pitfalls with Loren Johnson

Risk Management Show

CHAPTER

Navigating Third-Party Risk Management

This chapter explores common challenges faced in third-party risk management, emphasizing the need for resiliency strategies and updated software. It discusses the crucial role of leadership and regulatory understanding, alongside the integration of AI and data governance in enhancing risk management. The conversation highlights misconceptions in the industry, the significance of ethical outsourcing, and the importance of continuous monitoring for effective risk oversight.

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