Third Party Risk is increasingly a topic addressed in board rooms. As Rocco Grillo (Managing Director, Global Cyber Risk Services, Alvarez and Marshal) notes “the C-Suite and Board members are critical to the success and effectiveness of any TPRM program. Successful...
The architecture of risk governance poses challenges that are daunting for even the most seasoned board risk committees and risk practitioners. “One of the most crucial elements in taking a company from good to great is somewhat paradoxical. You need...
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...
This blogpost reviews Data Security and Privacy Trends as 2020 comes to an end. When COVID-19 triggered the move to working from home, many organizations sharpened their focus on reducing latency. They hustled to get the basics in place -- laptops, connectivity, etc....
Like most industries, in Risk Management, acronyms abound. Let’s sort through the acronym soup to understand the most important KRIs (Key Risk Indicators) and KPIs (Key Performance Indicators) for TPRM (Third Party Risk Management) or VRM (Vendor Risk Management). We...
In a recent report on the future of cybersecurity risks, The Wall Street Journal published a Top 10 list of systems and devices that hackers will attack in the coming decade. Santa Fe Group Senior Advisor Charlie Miller has been talking about most of these targets for...
The “Skirt Length Theory” of economics says that when the economy is performing well, women's skirts will be shorter, and in turn, skirts will be longer during downturns. Looking back at 2020, it is difficult to assess fashion trends as Go-To-Meeting and Zoom captured...
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...
In recent years, the road taken by U.S. regulators has begun to diverge from the path chosen by rule-makers in Europe and other parts of the world. Aspects of this divergence may soon have an impact on regulatory compliance in risk management. In fact, whether this...
This blogpost describes COVID liability waivers. Jeremy Byelin (Vice President, Legal and Regulatory Affairs, Shared Assessments) shares his view on the potential benefits of this legal safeguard. As COVID cases continue to rise in many areas of the world, businesses...