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Adding to this view, Jim Routh, chief trust officer at Saviynt, argues that the future of risk management lies in real-time, data-driven scoring, not outdated surveys. “Questionnaires are inadequate,” he says. “We need to apply data science to track risk daily and educate regulators and auditors on why that’s necessary.”
A vulnerability discovered today could be exploited tomorrow. For that reason, relying solely on point-in-time assessments or third-party attestations isn’t enough to manage fourth-party risk, Lorri Janssen-Anessi, director of external cyber assessments at BlueVoyant, says. When companies lack direct contracts with fourth parties and therefore can’t enforce audits or specific controls, external intelligence becomes essential.
However, putting continuous monitoring into practice becomes even more difficult in complex global supply chains.
in well organized HTML format with all tags properly closed. Create appropriate headings and subheadings to organize the content. Ensure the rewritten content is approximately 1500 words. Do not include the title and images. please do not add any introductory text in start and any Note in the end explaining about what you have done or how you done it .i am directly publishing the output as article so please only give me rewritten content. At the end of the content, include a “Conclusion” section and a well-formatted “FAQs” section.
