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Blockchain TPRM Implications

Blockchain TPRM Implications

by Tom Fuhrman, Marya Roddis, Charlie Miller | December 2, 2021 | Cybersecurity, Operational Risk, Risk Compliance

As an industry, government, and technology partners work to identify the key elements required to make blockchain mainstream (sovereign identity agreements, improved safety, and related regulations, interoperability and functionality, open and transparent commercial availability), the time to focus ....

Effects Of Third Party Risks On Holiday Traditions

Oh, Christmas Tree: How Risk Impacts Holiday Traditions

by Kristen Hicks | December 1, 2021 | Supply Chain

This time of year, in homes around the world, it’s a familiar sight: the fir tree festooned with lights, ornaments, and other decorations. Not everyone celebrates Christmas and not everyone who does partake in the tradition. But for the millions of households that do, the winter season doesn’t f ....

Essential Ingredients for TPRM Programs 1

Ingredients For Successful TPRM Programs

by Kristen Hicks | November 24, 2021 | Third Party Risk Management

Getting the right ingredients can make or break any recipe you’re making. And certain foods simply can’t exist without certain essential ingredients. You can’t make guacamole without avocados or green bean casserole without, well, green beans. In the same way, while every business will need to ....

Securing Your Digital Cyberspace at Home 1

Securing Your Digital Cyberspace at Home

by Vivian Nguyen | November 24, 2021 | Data & Cybersecurity

Cybercrime has become a sophisticated and global business operation. Cybercriminals are no longer targeting businesses alone, instead, they are shifting their focus to anyone with a potential financial gain. A weak security system means that you are more susceptible to hacking. The level of effor ....

TPRM Assessment Exchange Efficiency – Myth or Magic

TPRM Assessment Exchange Efficiency – Myth or Magic?

by Sabine Zimmer | November 23, 2021 | Third Party Risk Management

Last week, 100+ individuals in the Third Party Risk Management (TPRM) industry met in a Cross Vertical Strategy Group to deliberate the benefits and challenges presented by Vendor Risk Assessment Exchanges. Who Joined The Discussion? Facilitated by Shared Assessments, practitioners and panelis ....

Prepare for New Regulations in Data Privacy Laws 1

Prepare for New Regulations in Data Privacy Laws

by Eric Krell | November 22, 2021 | Regulations

Add data privacy laws to the list of trends whose adoption accelerated during the past few years. In 2018, a grand total of two privacy bills were introduced in U.S. statehouses, according to data shared by the International Association of Privacy Professionals (IAPP). The next year, 16 privacy bill ....

A Lifelong Approach to IoT Security

A Lifelong Approach to IoT Security

by Charlie Miller | November 18, 2021 | Data & Cybersecurity, Internet of Things (IoT)

The adoption rate of Internet of Things (IoT) devices, sensors, and applications were staggering prior to COVID-19, and it soared even more thanks in part to the work-from-anywhere model so many organizations adopted in response to the pandemic. This doesn’t mean that risk managers should shy away ....

cybermonday

Don’t Let Cyber Monday Mean Cyber Crime

by Kristen Hicks | November 16, 2021 | Data & Cybersecurity

For ecommerce retailers, Cyber Monday is one of the most wonderful times of the year—or at least it should be. Consumers are primed to make holiday purchases, and ready to spend money. But consumers aren’t the only ones ready to take advantage of the season—cybercriminals see all that increase ....

SCA The Go To Tool For Virtual Risk Assessments

SCA: The Go-To Tool For Virtual Risk Assessments

by Colleen Milazzo | November 16, 2021 | Standardized Control Assessment (SCA), Tools & Templates

On March 11, 2020, the World Health Organization (WHO) declared COVID-19 a pandemic. That spring, organizations were forced to transition an in-person workforce to a remote workforce. This fall, risk management programs continue to “reimagine how and where work will get done.” While some risk pr ....

Integrating KRIs and KPIs to your TPRM Program

Integrating KRIs and KPIs to your TPRM Program

by Vivian Nguyen | November 15, 2021 | Third Party Risk Management

Successful third party risk management programs are driven by Key Performance Indicators (KPIs) and Key Risk Indicators (KRIs). Strong KPIs and KRIs are meaningful for leadership and the board: these metrics paint a picture of an organization's overall third party risk estate and give compelling rea ....

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