Legal liability risks around 3rd party risks

Please answer each of the four questions below. Your response should be limited to a total of 1,000 words in aggregate for the four questions:
Discuss the legal liability risks around 3rd party risks.
Provide an example of a good monitoring program for 3rd parties and how you would improve it after being in this course.
As technology continues to advance, how would you mitigate the risks from cyber/data flows between the company and 3rd parties?
Considering the full scope of the course what do you think are the key elements that drive compliance with your Third Party controls?
The assignment is open 'books, open notes: everything you need to respond thoroughly may be found in the course materials and your notes. As a reminder, do not discuss the assignment with anyone either during the assignment or after you have submitted it. Use 1" margins, 12 point Times New Roman font and single spaced text.