CHALLENGE For this multi-billion-dollar company with multiple operations across North America, Vendor Risk Management is high on the radar of the Board and Executive Manage- ment. The company deals with around 70,000+ different vendors, and therefore is ex - posed to multiple risks from third parties. Some of those risks are: breach of confiden- tiality, breach of contract, data errors, fraud, and loss of data, product defects, supply chain disruption, data security breaches, theft of intellectual property, and others—with any occurrence potentially resulting in financial and reputational loss. It’s clear that the risks posed by vendors runs the gamut across multiple enterprise risk categories (Cred- it, Operational, Strategic, Compliance etc..), so it’s important to identify, unde

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