Well, almost a year has passed, and we are really no closer to being able to conduct security control assessments on-site. So, for those of you who have been playing the waiting game, it’s time to get on board and start doing them virtually (or you can wait until the...
Adjusting Contracts for Vendor Outsourcing The day of the big event has arrived. Hopefully, all your planning will ensure that everything goes well. And it does, until uninvited guests begin to arrive. It seems that several of your guests decided (without consulting...
This blogpost identifies the Virtual Assessments Skills needed in risk programs post-pandemic. Weeks after the World Health Organization designated COVID-19 as a pandemic, EY and the International Association of Privacy Professionals (IAPP) mobilized their research...
Count The Case of the Vanishing Vendor among the many pandemic-related unknowns and challenges third party risk management (TPRM) professionals were forced to contend with in 2020. Solving this mystery and developing virtual assessment strategies qualify as top 2021...
How do you develop effective vendor contracts that keep pace with changing threats? This blogpost answers this question and is derived from Shared Assessments’ November 17, 2020 webinar on the topic. This discussion points to flexibility, the most crucial...
COVID-19 has brought many changes to our lives. We all miss the sense of community. Spending time with neighbors and friends. Participating in school related activities. Being with family. But let’s not forget our work community - and the value of TPRM community. The...
This blogpost offer ten tips in checklist format for Virtual Risk Assessments.The Covid-19 Pandemic quickly shifted our world to a virtual perspective. Remote workers, remote vendors, remote classes and even remote family get togethers. These changes are not seen as a...
I remember when I first understood the impact that the COVID-19 pandemic was going to have on the world of third party risk management - it's when the need to move towards virtual assessments became apparent. I was at a meeting in Phoenix in early March and a...
Seeking a promotion or a new job? The Certified Third Party Risk Professional (CTPRP) designation is worth considering. In a recent survey of CTPRP designees, 80 percent of respondents reported that the CTPRP training improved their ability to fulfill their...
Most third party risk managers eventually deal with bad vendor contracts. In most cases, these contracts – which lack important provisions or no longer conform to regulatory requirements or organizational guidelines – pose significant risks to the organization. Many...