As they look to manage third-party risks, compliance departments are increasing their reliance on outsourcing.
Consider, for example, the wide spectrum of external threats compliance departments face today: ever-present bribery and corruption, geopolitical events, intensified climate-change activism, state-sponsored cyberattacks—and all during the time of a global pandemic. Moreover, as more companies make the journey to digital, many compliance functions are struggling to find employees with the necessary technological skill sets and expertise.
