5 Tips for Managing Third-Party Risk

Across industries and around the world, executives remain preoccupied with digital transformation. According to a 2018 survey of 500 business executives, 74 percent said digital transformation would be a priority for their organisations in the year ahead. Because digital transformation tends to be a large undertaking—frequently involving people, processes and technology across a company—organisations find they can't go it alone. They need partners. So digital transformation has the effect of increasing an organisation's ecosystem of third-party partners. These relationships can bring a host of benefits—organizations innovate and gain speed, efficiency and other capabilities from third parties—but they also add significant risk…