Third-party risks overwhelm traditional ERM setups

Enterprise risk management (ERM) teams are struggling to effectively mitigate third-party risk in an increasingly interconnected business environment, according to Gartner. ERM struggles to elevate the right issues In a Gartner survey of 100 executive risk committee members in September 2022, 84% of respondents said that third-party risk “misses” resulted in operations disruptions. “Most organizations have seen an increase in the number of third parties under contract in recent years,” said Chris Matlock, VP, research … More →

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