Your third parties – such as your vendors, supplier and contractors – are an essential part of doing business, but also pose critical risks such as reputational risk, cybersecurity risk, and strategic risk. You assume the risks of your third parties when doing business with them – for example, if they suffer a data breach or act unethically, you too can be liable for financial loss, reputational damage, and much more. In today’s fast-changing world, assessing, managing and monitoring the risk of your third parties is vital to pre-empt risk and safeguard your business.