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Analysis:
Analysis
29 Nov 2018
5 minute read

Be responsible and effective: strike a balance

Extended enterprise risk management (EERM) Third-party risk management global survey 2020

Daniella Kafouris
Be responsible and effective: strike a balance
8 MB PDF

A desire to be a responsible business that effectively manages social and environmental issues and responsibilities throughout its supply chain, is – for the first time in five years – one of the key reasons companies invest in third-party risk management (TPRM). Deloitte’s fifth annual extended enterprise risk management (EERM) global survey report highlights six key themes, alongside the impact of COVID-19 on managing third-party risk and our predictions for 2020-21.

How we help clients

For many organisations, their third-party ecosystem, or ‘extended enterprise’, is an important source of business value and strategic advantage. However, as the reliance on third parties continues to grow, so do the associated risks, bringing potential reputational damage and regulatory action.

Our experienced teams work with clients to develop governance frameworks which effectively identify and manage all forms of third-party risks, looking at both process and technology solutions to deliver value and meet contractual obligations.

If you would like to discuss the findings of our third-party risk management survey and how they apply to your organisation, please get in touch with one of our specialists.

 
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Daniella Kafouris

Deloitte - Australia
Daniella is a Partner in the Deloitte Australia Risk Advisory Cyber team with a core focus on Data Privacy compliance and advisory. She has been with Deloitte for over 10 years working across multiple industries and focus areas within Risk Advisory. Daniella is an experienced lawyer with a focus on information communication and technology law, data privacy law, the regulatory environment and has experience in third-party risk management. She has led more than 95 compliance engagements over the last 14 years and successfully implemented multi-disciplinary projects across multiple industries. Many of Daniella’s engagements have had a cross-jurisdictional flavour where multiple regulations and standards in the data privacy context have been taken into consideration. Daniella has worked with specialists and experts across the globe in countries such as Belgium, United Kingdom, Italy, United States, Canada, Spain, China, Singapore and Australia. She is known for her global expertise on the topic of data privacy in cyber. Her cross-jurisdictional experience has provided a global approach to problem solving for her clients where she is able to connect with individuals across various countries and gain the support required to resolve complex data privacy problems. Many of these complex problems have been in the fields of Fintech (with regards to new start-ups) and cybersecurity risks that have caused reputational damage and regulatory issues from a data privacy perspective.
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