Determining the inherent risk and the residual risk of your third parties is a key element of doing a robust risk assessment properly.
But, what is the difference between inherent and residual risk? We have it covered in our infographic.
Download the infographic to learn:
- How inherent risk is defined
- How determine inherent risk
- Why residual risk is never higher than inherent risk
- 4 important tips you need to follow
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