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Third-Party Risk Management covers the end-to-end lifecycle of identifying, assessing, and managing risks introduced by external parties including vendors, suppliers, partners, and service providers. It spans onboarding and classification, due diligence, ongoing monitoring, issue remediation, contractual controls, concentration risk, fourth-party visibility, incident response, regulatory compliance, and offboarding.
The specific capabilities Applied Verdict assesses within Third-Party Risk Management.
by Aravo