Why is continuous monitoring important in third-party risk management, and how can it help detect emerging risks or compliance failures?

How do companies typically identify risks associated with their third-party vendors or partners to ensure they remain protected from potential vulnerabilities?

How should organizations respond to incidents or breaches caused by their third-party vendors, and what recovery strategies are most effective?

What are the key components of a robust third-party risk management framework, and how do they help organizations address vendor risks effectively?

What are the key benefits of automating third-party risk management processes, and how does automation improve efficiency and accuracy?

How does third-party risk management differ from vendor risk management, and in what scenarios would both be necessary?