AuditBoard launches Third Party Risk Management
Summary
AuditBoard released its Third Party Risk Management solution, available Tuesday as an extension of the companys connected risk platform. The solution allows for tasks like periodic monitoring of vendor control environments and vulnerabilities, the ability to create custom risk assessments (or use one of its templates) to assess vendors and track mitigation efforts, and automate the risk scoring of workflows, among other features. The software can operate in tandem with AuditBoards CrossComply product, which allows organizations to manage their own information security compliance programs. "A wave of digital risk is rising as the global economy becomes ever more interconnected," said Rajiv Makhijani, senior vice president of emerging products at AuditBoard, in a statement. "Weve created this purpose-built solution to empower our customers to get ahead of this wave by more efficiently and comprehensively managing the expanding third-party risk landscape."
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