Event list
Third-Party risk management and due diligence: What's the difference and why does it matter? (OneTrust)
Wednesday, May 08, 2024, 11:00am - 05:00pm
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Third-Party Risk Management (TPRM) and Third-Party Due Diligence (TPDD) programs share a common goal: evaluating if a third party is safe to do business with. However, each program defines “safe” in a very different way and evaluates unique risk domains to make their decision. Risk management programs prioritize cyber security, privacy, and business resilience risks, while due diligence programs specialize in ethics- and compliance-related risks.
In this webinar, we’ll discuss the unique competencies of third-party risk and due diligence programs and examine when and how to align them to maximize the effectiveness of each. Attend to learn:
- The primary goals of successful TPRM and TPDD programs
- The differences between the two discipline areas
- Details about the unique risk domains for both programs
- How to align your TPRM and TPDD programs to gain workflow efficiencies