Authorities on Risk Assurance

The Shared Assessments Blog

How to Manage New Risks; Learn From Experts at the 2015 Shared Assessments Summit

Published on January 26, 2015 By | Posted in: Event, Risk Assessment, Risk Management, Shared Assessments Summit, Third Party Risk, Third Party Risk Management, Vendor Assessment

Now in its eighth year, the Annual Shared Assessments Summit brings together senior executives who will share best practices and the latest insights on managing third party risk. The theme of the 2015 Summit will be Third Party Risk Assurance: Everything Old is New Again. Click here to register. Over the last 18 months, organizations […]

Updated Shared Assessments Program Tools Are Powerful Weapons Against Third-Party Risk in 2015

Published on January 22, 2015 By | Posted in: Program Tools, Third Party Risk Management

The industry is in a state of high alert concerning third party risk in 2015. In fact, Booz Allen Hamilton moved third party risk to the top of the list of cyber security trends for financial services to “guard against” this coming year. WIRED.com also cited third party breaches as one of the six biggest […]

PRESS RELEASE: Updated for 2015: Tools Designed to Manage Third Party Risk

Published on January 20, 2015 By | Posted in: News

PRESS RELEASE Contact: Lisa MacKenzie, MacKenzie Marketing Group, 503-705-3508, lisam@mackenzie-marketing.com or Kelly Stremel, kellys@mackenzie-marketing.com Updated for 2015: Tools Designed to Manage Third Party Risk Shared Assessments Program Tools Empower Vendor Management Confidence Santa Fe, NM — January 14, 2015 — The recent flood of high-profile data breaches and an avalanche of new regulations are in […]

The New Regulatory Corner Office for 2015

Published on January 6, 2015 By | Posted in: News

2014 started with a key infographic on how and why “privacy” ended the year as the 2013 Word of the Year. From our collective experience, 2014 however will forever be known as the “Year of the Data Breach”. A recent infographic published by www.databreachtoday.com, highlighted the Top Breaches of 2014 comparing not only the number […]

Shared Assessments in 2014: A Good Year with So Much Ahead

Published on December 18, 2014 By | Posted in: News

It has been an exciting time to participate in the Shared Assessments Program. Looking back at 2014, it has been a good, active year, with the rollout of our Certified Third Party Risk Professional (CTPRP) certification, our kick-off of the annual Vendor Risk Management Benchmark Study, the successful facilitation of financial services collaborative onsite assessments, […]

Top 5 Things Your Board and CEO Should Know About Third-Party Risk Management

Published on December 15, 2014 By | Posted in: Board's, Third Party Risk

As an executive manager or member of your company’s board of directors, third-party risk management should be top of mind. Here are five things you need to know: 1. Contracts are no longer enough to protect the business. Contracts are incredibly important, however, they do not provide the visibility you need to reduce the risks […]

Heightened Expectations Raise the Bar for All

Published on December 12, 2014 By | Posted in: Compliance, Cybersecurity, Guidance, OCC, Regulatory Compliance, Risk, Risk Management

The Office of the Comptroller of the Currency (OCC) published final guidelines that establish minimum standards for risk governance frameworks for OCC regulated institutions with over $50 billion in assets. While that asset threshold would seem to specifically exclude most community banks, the OCC has reserved the right to apply the guidelines to other organizations […]

When it Comes to Third Parties, Don’t Forget About Your Non-PII Data

Published on December 8, 2014 By | Posted in: PII, Third Party Risk, Third Party Risk Management

Many moons ago when I was in internal audit a friend of mine who was an application manager within the same company brought me an interesting request; he wanted me to audit his application. I was a bit befuddled, and when I asked “why” he informed me that his application contained the formulations of all […]

Visual Hacking: Who’s Looking Over Your Shoulder?

Published on November 24, 2014 By | Posted in: Cybersecurity, Data Breach, Hacking, Privacy, Visual Hacking

I recently attended the Ponemon Institute’s Responsible Information Management (RIM) Renaissance Privacy Event. While headlines and discussion continue to focus on cybersecurity; privacy professionals also had good conversations about the basics of visual privacy. Protecting confidential information is a basic privacy principle – and it is easy to overlook the reminders with our mobile and […]

Third Party Risk Certification Critical to Managing Vendor Threats

Published on November 20, 2014 By | Posted in: Certified Third Party Risk Professional (CTPRP) program, News, Newsletter, Third Party Risk

Goodwill Industries recently fell on bad times when a vendor’s system was attacked by malware, giving criminals access to payment card information—names, payment cards, and expiration dates1. This appears to be a sign of the times. Over the past year or so, several major retailers have experienced a breach in which a third party played […]

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