KPMG Spectrum, provider of intelligence engines that embed the Big Four firm’s technologies and intellectual property into new offerings, has launched Third Party Intelligence, created to empower businesses to take preemptive action against third-party disruption.
The patent-pending technology monitors and reports third-party vulnerability and projects its future impact.
"Many executives try to monitor disruptive events caused by third parties in real-time, minimizing their ability to react quickly enough to contain resultant damage – whether financial, reputational, legal, or otherwise. In the current environment real-time is no longer fast enough," stated Larry Raff, head of KPMG Spectrum. "Third Party Intelligence allows us to alert clients to vulnerabilities in advance, giving businesses the insight to act ahead of time and potentially avoid disruption altogether."
Third Party Intelligence draws on data sources that include financials from thousands of third parties in 90 countries, millions of news feeds, websites and blogs from 48 countries. Sophisticated algorithms pinpoint and project vulnerability trends in individual third parties and the countries in which they operate, providing actionable risk data.
"A single incident with a supplier can have significantly negative implications to the organization and ultimately the end customer. With Third Party Intelligence, decision makers across the organization can act with confidence to take a proactive stance against disruption threats caused by third-parties," stated Raff.
More information on Third Party Intelligence is available here.
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