Third-Party Risk Management

This illustration was designed for Dow Jones as a part of their new illustration refresh.

This illustration explores third-party risk management by breaking the chain of events caused by poor risk management. The "domino theme" in 3rd party risk management emphasizes the interconnectedness of these risks. If not managed effectively, a problem with one third party can set off a series of adverse events that affect the entire business. Therefore, companies need robust strategies to identify, assess, and mitigate third-party risks to prevent this domino effect and ensure the smooth operation of their business.