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You need constant monitoring of your economic outlook because then you can adjust your riskmanagement strategy that will help you mitigate third-party risks." Everyone else in the company is trying to meet their KPIs, grab whatever they can find on the table, and pretty much have zero already got a risk, right?
She recounts that other steps, including integration into riskanalysis, strategy considerations and data, should follow closely as top considerations. Cybersecurity threats pose significant financial and reputational risks to organisations, exacerbated by the growing data requirements for reporting," Wood notes.
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