Third-Party Risk Management
The rise of digital transformation in the vacation rental industry has brought about convenience and efficiency but also introduced significant cybersecurity risks. These risks largely stem from third-party vendors, which many vacation rental and property management businesses rely on to manage operations like online reservations, property
Effective third-party risk management is essential for organizations to safeguard their operations, reputation, and compliance with regulations. Many businesses rely on a range of vendors, contractors, and suppliers to meet their operational needs, making it crucial to manage these relationships effectively. By establishing robust third-party risk
In the rapidly evolving landscape of third-party risk management (TPRM), Mitratech stands out with its innovative integration of artificial intelligence (AI) and environmental, social, and governance (ESG) capabilities. Alastair Parr, Executive Director of GRC Solutions at Mitratech, provides insights into how the Prevalent platform is addressing
VISO TRUST, a prominent name in AI-powered third-party risk management (TPRM), has just successfully completed a crucial funding round, garnering an additional $7 million and pushing their total raised funds to $24 million. This recent round saw participation from both previous investors, including Bain Capital Ventures, Work-Bench, Sierra
In 2023, Amazon confronted a significant security incident involving the MOVEit third-party breach, which resulted in the theft of a substantial amount of employee data. This breach, executed by a hacker known as "Nam3L3ss," has raised serious concerns regarding the security of third-party vendors and the broader implications for companies that
A recent survey conducted by law firm Jones Walker and published Tuesday reveals that community and mid-size banks are lacking in comprehensive due diligence and robust contract negotiations with their third-party vendors. This deficiency is a critical vulnerability, especially in instances of data breaches by vendors. The survey underscores the