In this video, Crowe leaders explain why third-party risk management is more than compliance. It's key to continuity, resilience, and growth.
Today’s businesses depend on third parties to stay competitive, but reliance invites risk. In this Crain’s Content Studio Quick Take, Crowe leaders Angie Hipsher-Williams, managing principal of cyber consulting, and Josh Reid, principal in cyber consulting, outline how effective third-party risk management can support resilience, agility, and strategic growth.
Key takeaways include:
- Vendor risk = operational risk: Disruptions to key partners can halt operations.
- Your ecosystem matters: Resilience hinges on the strength of your extended network.
- Risk strategies = growth enablers: Proactive oversight supports vendor onboarding, procurement, and innovation.
Practical tips, such as enforcing access controls and automating risk monitoring, are discussed to help leaders reduce exposure while moving fast.
Content originally published on Crain’s New York Business.
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