Building Trust Through VRM and Compliance Automation

Most of today’s organizations, small to large, have outsourced some of their business functions to third-party vendors. Working with outside vendors has become standard practice, whether for efficiency, convenience, cost reduction, or to enable the organization to focus on doing what they do best. The thing is, third parties require access to data. And that opens the door to risk.

Mastercard’s State of Third Party Risk Management report indicates that 31% of third parties are considered a significant risk in …

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