Editor’s Note: This podcast was originally published on ABM Risk Partnership and can also be listened to on Apple Podcasts, Spotify, iHeart, Buzzsprout, Podbean, and PlayerFM.
MRM Episode #86 – Brad Hibbert, COO & CSO- Prevalant
Have a listen to this fantastic chat with Brad Hibbert, Chief Operating Officer & Chief Strategy Officer of Prevalent, a leader in third-party risk management.
With all organisations looking for ways to streamline operations and focus on their core skillsets, there has been a massive uptake over recent years in outsourcing / co-sourcing or just plain contracting out elements of the business.
Whilst this realises many efficiency/cost benefits, you can’t outsource the organisations responsibilities or legal obligations. Most importantly, any incidents/errors by the third party often lead to reputational damage to your own organisation.
Brad talks about the methodology they use to qualify third party providers – including an initial assessment process and then ongoing monitoring – providing a 360-degree risk profile of your third-party vendors.
A must-listen for any organisation relying on third-party providers!
Editor’s Note: This post was originally published on Prevalent.net. In October 2024, Mitratech acquired the AI-enabled third-party risk management, Prevalent. The content has since been updated to include information aligned with our product offerings, regulatory changes, and compliance.
