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Dun & Bradstreet has released The 2019 Compliance and Procurement Sentiment report which finds that only 85% of respondents are confident about the effectiveness of risk management within their organisation – 8% lower than in the previous survey. A large majority, 84%, also forecast a decline in the future effectiveness of compliance and procurement functions. This recent survey of compliance and procurement professionals indicates respondents are less confident about managing third-party relationships, and cite cyber security threats and the increased adoption of artificial intelligence (AI) as the top concerns. “Although cyber security was the number one concern for respondents, almost half (48%) do not yet incorporate it in their third party risk management. Half of this group of respondents had developed an approach to cyber risk but have been slow to implement,” it says. Read more on The FinTech Times.

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