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3 Ways to Drive Value within Your Third-Party Risk Management Program and Beyond

Fusion Risk Management

A ccording to Deloitte’s global third party risk management survey 2022 , 73% of respondents reported having a high level of dependency on third parties – a nd that reliance is predicted to continuously increase which , in turn, means ongoing related challenges.

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When You Can’t Rely on a Crystal Ball, Elevate and Invest in Resilience

Fusion Risk Management

Where are my vulnerabilities? Organizations that embrace, invest in, and elevate resilience as a strategic priority are able to more proactively sense issues, analyze vulnerabilities, and adapt to the evolving environment. Fully understanding the situation, gathering everything you need, and activating your response can take too long.

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The Benefits that Actionable Risk Intelligence Provides to Your Extended Enterprise

Fusion Risk Management

Is Risk Intelligence Necessary? Following the compounding crises that have taken place over the last few years, I think we can all agree that a strong third-party risk management (TPRM) program foundation is critical for effective identification of inherent and imposed risks.

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Managing Cyberthreats to Combat Ransomware Part 3: Cybersecurity Frameworks

Zerto

When an organization understands the business context, resources that support critical functions, and related cybersecurity risks, it can focus and prioritize its risk management strategy and business needs. Response activities include planning, communications, analysis, mitigation, and improvements. Account management.

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The Risks that Manufacturing Firms are Facing and the Impact that Follows

Fusion Risk Management

Additionally, operating in a global environment leaves manufacturers vulnerable to the results of geopolitical tensions. But they are also looking to alternate resources to avoid depleting natural resources and are getting better at managing their waste.

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Operational Resilience in 2023: What Can We Expect?

Fusion Risk Management

Companies establish these senior leadership roles to change the culture towards risk and resilience, coordinate board and regulatory reporting across multiple risk disciplines, oversee global program activities, introduce new or updated internal standards, and establish cross-functional governance committees.