Building Third Party Best Practices: Continuous Monitoring

Continuous risk monitoring is an essential strategic component
in a dynamic operational environment

A well-designed continuous monitoring program can provide a real-time or close to real-time picture of the state of security both internally and externally at the third party level. As the OCC has stated in guidance over more than a decade: “Without a repeatable, automated process in place that incorporates best practices, organizations cannot create sustainable vendor lifecycle management programs.” Recent surveys reveal that organizations anticipate major or moderate improvements from continuous monitoring of vendors, which include the ability to:

  • Compare security postures.
  • Screen vendors more effectively.
  • Reduce time required for security event identification, remediation and response.
  • Improve working relationships with all stakeholders.
  • Improve the outsourcer’s risk posture.

Overall operational and security efficiency can be expected from programs that employ continuous monitoring due to refocused resource use that results in operational optimization, and provide continuous visibility of issues that drives improved risk prioritization and response to issues, as well as leveraging of common control providers. To obtain a copy of this paper, please complete the form below. A download link will be sent upon receipt of submission to the email address provided.

  • This field is for validation purposes and should be left unchanged.

Shared Assessments Licensee ControlCase
Shared Assessments Licensee ZS logo
Shared Assessments Licensee Bank of the West
Shared Assessments Logo first data
Shared Assessments Program licensee Churchill & Harriman logo
Viewpoint Logo
Shared Assessments Licensee Rsam
MetricStream logo
Shared Assessments Logo pwc
Shared Assessments Licensee Identity Theft 911
Shared Assessments Logo Bank Of New York Mellon
Shared Assessments Logo Deluxe Corp
Shared Assessments Licensee ctg
intralinks-logo
Shared Assessments Licensee TD Ameritrade
Shared Assessments Logo Deloitte
Shared Assessments Licensee Power Advocate
Shared Assessments Logo yodlee
Shared Assessments Licensee Protiviti
Shared Assessments Licensee Pivot Point Security
Shared Assessments Logo usbank
Shared Assessments Logo Iron Mountain
Shared Assessments Licensee Lockpath
Shared Assessments Logo Ernst & Young
Shared Assessments Licensee-Copytalk
Shared Assessments Logo sei
Shared Assessments Logo radian
Shared Assessments Logo dtcc