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  "documentTitle": "Third-party governance and risk management The threats are real",
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      "text": "To insource or outsource TPGRM? 58.4 percent of respondents are increasingly moving to a centralized in-house function to support third-party management with only 8 percent to external provider-based models while as many as 33.6 percent are unsure about their future direction.",
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      "text": "The threats are real: 26.2 percent of respondents have suffered reputational damage, 23 percent of respondents have been non-compliant with regulatory requirements and 20.6 percent have experienced breach of sensitive customer data – all arising out of third-party actions. 86 percent of respondents now mandate consistent third-party standards across their operating units to manage these threats.",
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      "text": "Reputation on the line: As businesses take the concept of the extended enterprise to new levels, the survey confirms how third-parties are exposing businesses to new risks such as the threat of high profile customer service disruption and other major business failures. Where these risks have been realized has compromised organizational reputation, broken down business continuity, and even attracted substantial penalties and regulatory enforcement action.",
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