RSA Archer Third Party Engagement: Use Case for Third Party Governance

Organizations are increasingly using third parties to support their operations and deliver products and services to their clients. While outsourcing can have many benefits, organizations retain the risks associated with their third and fourth party relationships. Many of these risks can be significant, including litigation and regulatory compliance violations; information security incidents; financial losses from errors, fraud, and business interruption; reputational damage; and failure to achieve strategic objectives.