A third-party risk assessment is a systematic approach to identifying, analyzing, and managing the risks posed by vendors, suppliers, and other external partners. This assessment process is critical for ensuring that third-party relationships do not compromise your organization’s security, reputation, or operations. To begin this process, it’s essential to categorize and prioritize third-party relationships based on their potential impact.

How to identify and mitigate compliance risks and help companies with best practices , expertise and regulatory technology

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