Tag: Third-Party Risk Management
How to effectively manage third-party risks
The concept of third-party risk management is hardly a fledgling idea. However, as the world becomes ever-more digitised, cybersecurity threats are now looming larger than ever before. According to research from Soha Systems, more than 60% of data breaches can be traced back to third-party vendors. This means that an effective third-party risk management strategy is not just a luxury anymore - it is a necessity.
Sprinto secures $20m in Series B to enhance RegTech capabilities
Sprinto, a prominent player in the RegTech industry, has successfully closed a $20m Series B funding round. The investment was led by notable names including Accel, Elevation Capital, and Blume Ventures, positioning Sprinto for significant technological advancements.
Risk Ledger secures £6.25m series A for cybersecurity supply chain resilience
Risk Ledger, a cybersecurity business specialising in supply chain resilience, has successfully closed a £6.25m series A funding round. This injection of capital comes at a critical time when third-party security breaches are at an all-time high.
Steering third-party risks in banking: Final guidance by regulatory agencies explained
Final guidelines aimed at bolstering third-party risk management in banking organisations have been issued by a cohort of federal bank regulatory agencies. This initiative is designed to help such institutions better navigate the risks arising from relationships with third-party entities, with a particular emphasis on financial technology, or FinTech, enterprises.
What are the key pillars of third-party risk management?
In a recent post by Moody's Analytics, the company outlined three key pillars of third-party risk management.
Israeli AI-driven risk management firm Mirato closes $9m funding round
With the aim to ramp up operations and scale further, Israel-based risk management firm Mirato has announced securing a $9m funding round.
Long Ridge buys GRC software provider ProcessUnity
Long Ridge Equity Partners has purchased ProcessUnity, a software-as-a-service provider for integrated risk management.