How the expanding third party ecosystem is testing risk teams

About this episode

The episode discusses the challenges and risks associated with the expanding third-party ecosystem in operational risk management.

In this episode of the ORX Operational Risk Podcast, Helen L’Abbate, Deputy Director of Research and Information, is joined by Emilie Odin and Nikki Truss‑West, ORX Research Senior Managers, to unpack how digital transformation, new customer expectations, tighter margins and modern operating models have accelerated firms’ reliance on external suppliers. Drawing on insights from the Third Party Ecosystem Risk Management practice paper and the Third Party Cyber Risk Oversight and Assessment 2025 report, the discussion translates emerging risks and community insights into practical, actionable guidance for risk teams. Listen in as we explore what’s behind the surge in third‑party relationships, the cyber and resilience risks created by increasingly complex supply chains, and the steps firms are taking to strengthen oversight across both TPRM and cyber functions. Topic highlights: What third‑party ecosystem really means What’s driving the rapid expansion The risks created by the expanding ecosystem How ORX members are evolving their TPRM frameworks A first look at ORX’s 2026 third‑party deliverables Episode resources Available to ORX members Third Party Ecosystem Risk Management…

People in this episode

Host: Helen L’Abbate

Guests: Emilie Odin, Nikki Truss‑West

Topics covered

• third-party ecosystem
• risk management
• cyber risk
• supply chain
• digital transformation

Keywords

• third-party risk
• operational risk
• cybersecurity
• supply chain management
• risk teams

Mentioned in this episode

Organizations: ORX, Third Party Ecosystem Risk Management, Third Party Cyber Risk Oversight and Assessment 2025

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