Faced with increasing disruption risks from more sources and in more locations, CROs are actively and urgently exploring new strategies, approaches, and technologies to mitigate third-party risk and ensure continuity and resiliency.
This brief addresses this pressure on risk management executives to drive change, specifically:
• Problem – Legacy based TPRM practices are unable to effectively mitigate today’s risks of disruption
• Cause – Current risk practices and models are periodic, point-in-time, outdated and ineffective
• Solution – Data science, continuous intelligence, automation and new thinking set the new standard
in risk management