Spring World 2018

Conference & Exhibit

Attend The #1 BC/DR Event!

Spring Journal

Volume 31, Issue 1

Full Contents Now Available!

Thursday, 01 March 2018 14:57

3 Important Points To Remember About Third-Party Risks

How Much Due Diligence is Enough?

If you want to learn and read about managing third-party risks, you will have no trouble finding articles, white papers, webinars and more available to you on the internet.  And for good reason.

Third parties create significant risks, and these risks are not just limited to bribery; they extend into sanctions, money laundering, privacy and cybersecurity, human trafficking, child labor and reputational damage.  The compliance marketplace offers lots of solutions, including automation, due diligence, risk ranking and a host of alternative solutions.

Before you leap into the due diligence world, however, it is important to understand exactly what you are trying to accomplish and why you need to tailor your solutions to your specific needs.

When assessing the issue, there are three important points to understand about due diligence: