Third-party risk management: Moving toward centralized, automated systems

While concerns about third-party risk remain high – particularly regarding cyber security – 58% of organizations ranked their programs as maturing or advanced, according to NAVEX Global. “We continue to see a move toward centralized and automated systems, which allow organizations to treat third parties the same way they treat their own employees with access to hotlines, training and policies,” said Randy Stephens, J.D., Vice President, NAVEX Global.

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