A point-in-time approach to risk management is no longer effective

3-20-8

Among organizations that engage third parties to provide business services, 83% identified third-party risks after conducting due diligence and before recertification, according to Gartner. Gartner’s survey of more than 250 legal and compliance leaders reveals that the standard point-in-time approach to risk management is no longer effective in today’s landscape of fast-paced, rapidly changing business relationships.

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