US EditionClosing the Gaps: 8 Third-Party Risk Challenges Impacting Financial Institutions in 2025
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Closing the Gaps: 8 Third-Party Risk Challenges Impacting Financial Institutions in 2025
Third-party relationships are a double-edged sword: opportunity and business functionality on one side, but an abundance of risk on the other. In the financial sector where the average cost of a data breach has reached $6.08 million — and reputational fallout is even harder to recover from — third-party risk management (TPRM) has never been more critical. The question is: can TPRM teams in the financial sector keep up with today’s evolving risk …
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