It's simple: you can't manage what you can't measure
"This is one of the reasons many organizations still miss the mark on third-party risk management. Or at least that is what can be gathered from a recent study, conducted by Forrester Research and sponsored by RSA, where 82% of respondents cited that they still use spreadsheets to inventory, assess, and manage third parties.
The world is going digital, with investment in digital transformation estimated to reach $6 trillion over the next four years. As such, the reliance on third parties is also expanding..."
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