The Crucial Role of Continuous and Comprehensive Monitoring in Mitigating Risks from Third-Party Vendors

Vendor Risk Management has wide-ranging implications throughout an organization. The failure of a vendor to meet their obligations can have detrimental effects on a firm’s security, compliance, manufacturing processes, and customer support.  While establishing a vendor’s baseline ‘risk’ profile is a fundamental step, continuous vendor monitoring for any changes becomes crucial for security, risk managers, … Read more

Modevity Announces Third-Party Vendor Risk Management Services Support to Captive Insurance Industry

Vendor Risk Management As a Service Modevity, LLC, a leading Commercial Intelligence company established in 2004 specializing in Investigative Due Diligence Research and Vendor Risk Management (VRM) Services, announced that the company is rolling out their Third-Party Vendor Risk Management Services Support to Captive Insurance Industry. Modevity provides an array of Third-Party Vendor Risk Management … Read more

Strategies to Minimize Organizational Third-Party Vendor Risks

Organizations across most market segments are becoming increasingly reliant on third-party vendors to support critical business operations across the board to support a wide array of process and functions. It is estimated that over 50% of businesses using third-party vendors have experienced a data breach involving confidential information. Given the current state supply chain’s impact … Read more

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