April 30, 2020
As uncertainty increases, how can third-party risk management evolve?
Current global uncertainty is a reminder of the increasing complexity of managing third-party risk. Are existing programs keeping up? Organizations need to evaluate their resilience strategies and plans, including the ability of critical offshore operations and third parties to continuously support important functions. Among the functions that should be assessed and potentially strengthened are product delivery and support, IT, human resources, payroll, financial reporting and cybersecurity. An EY article provides details.