How to Mitigate Third-Party Risk
All vendor relationships have inherent risks. In some cases, avoiding the risk altogether is the best option. However, if you choose to work with the vendor, you'll need different techniques to handle the risk.
This infographic covers the three risk handling techniques known as mitigation, transference and acceptance.
Download the infographic to learn:
- Risk mitigation techniques
- How to mitigate vendor risk
- Examples on how to transfer risk
- When to accept the risk your vendor poses