What essential capability must a TPRM program have to remain effective against new risks from emerging technologies or global events, rather than just reacting to past threats?

The essential capability a Third-Party Risk Management (TPRM) program must have to remain effective against new risks from emerging technologies or global events, rather than just reacting to past threats, is dynamic risk intelligence and adaptive program management. This single capability encompasses both the proactive identification of new threats and the program's inherent ability to evolve its defenses. Dynamic risk intelligence is the continuous, proactive process of gathering, analyzing, and disseminating information about new and evolving risks from the external environment. This goes beyond routine, periodic assessments by actively monitoring for emerg....