Fact or fiction? 9 misconceptions about third-party risk management

9 Misconceptions About Third-Party Risk Management

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In reaction to a series of high-profile data breaches that originated in third-party networks, many organizations have implemented third-party risk management programs.

But, some companies are relying on subjective, outdated information to make decisions — and that information could be putting their organization at risk.

In an effort to address this issue, BitSights explored 9 misconceptions about third-party risk management, including:

  • Third-party risk management is only necessary for companies with hundreds or thousands of third-party relationships.
  • Compliance should be the primary goal of any third-party risk management program.
  • The Board doesn’t need to be concerned with third-party risk management.

Read on for 6 more dangerous misconceptions. 

Vendor:
BitSight
Posted:
31 Oct 2018
Published:
31 Oct 2018
Format:
PDF
Length:
14 Page(s)
Type:
White Paper
Language:
English
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