Learn essential concepts of third-party risk management through a detailed video lesson that examines how organizations can effectively manage risks associated with external vendors and service providers. Explore a comprehensive case study of a data breach caused by a third-party vendor employee, gaining valuable insights into risk identification, assessment, and mitigation strategies. Master the key components of an effective third-party risk management framework while understanding real-world applications and consequences of inadequate vendor oversight. Designed for FRM Part 2 candidates studying Operational Risk, this GARP-approved educational content provides practical knowledge for identifying potential vulnerabilities in third-party relationships and implementing robust risk control measures.