What A Third Party Risk Assessment Should Cover

Whenever a financial institution enters a relationship with a vendor, they should have an independent firm conduct a third-party risk assessment. It is important, though, to know what should accompany reports when it comes to third-party vendor risk management for financial institutions. You will want the assessments to regularly address these four possible issues. Cybersecurity Given the digital nature of most vendor products in the financial sector, cybersecurity is a top risk. Read More