All third party risk articles
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News
FERMA Talks: Turning to ART
Why alternative risk transfer solutions, such as captives, are compelling tools during a hard market - AXA XL
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Firms stuck in ‘response’ mode - Deloitte
Over half of organisations have faced a risk incident due to third-party failure during COVID-19 pandemic
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Colonial Pipeline attack exposes ransomware “pandemic”
CISA urges organisations to take action to strengthen cyber security following US critical infrastructure attack
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Ransomware costs to reach $20 billion in 2021
Only 40% of organisations report having adequate remote work strategies to manage the risks associated with WFH, finds Aon cyber report
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Due diligence the key for third-party risks
Research from Refinitiv reveals 43% of third-party relationships are not subject to any form of due diligence checks
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Cost of third-party incident up to $1 billion - Deloitte
Losses associated with supply chain failure, data privacy breach or disruption to IT services have at least doubled in the last five years
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Companies “drastically unprepared” for supply chain disruption - survey
66% of respondents say they should be assessing more than three quarters of their top tier vendors but aren’t doing so