Blogpost

Can Peer Collaboration Be Our Next Best Practice for Third Party Risk Management?

Prevalent Webinar Hosted by NYSE Governance Services
Sponsored by Symantec

Thursday, September 17th from 1:00 pm to 2:00 pm EST

Presenter: Robin Slade, Executive Vice President and Chief Operating Officer. The Santa Fe Group/Shared Assessments

Is it time to test new ideas, including peer collaboration, to perform assessments on third parties with common shared services?

Dependence on outsourced services requires evaluation of third parties to ensure proper protection of sensitive data against cyber threats and breaches. Today’s risk evaluation process is inefficient and costly for all involved, driving a need for new competences that allow for a robust, standardized and repeatable methodology for third party assessments.

Under the auspices of the Shared Assessments Program, top-tier financial institutions have been working collaboratively on an innovative approach to develop a proven methodology for performing single assessments of a vendor by multiple financial institutions.

Tune in to this exclusive presentation as Robin Slade, Executive Vice President and Chief Operating Officer with The Santa Fe Group discusses how peer collaboration can be used as a cost-effective and efficient way to manage third party risk, strengthen vendor relationships, and protect an organization’s most critical assets.

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About the Presenter |
Robin Slade, Executive Vice President and Chief Operating Officer, The Santa Fe Group/Shared Assessments

Robin is Executive Vice President and Chief Operating Officer with The Santa Fe Group, where she works with clients, CEOs, and consultants as an expert in third party risk assurance, and fraud reduction. Robin leads all activities for the Shared Assessments Program—a cross-industry, member driven consortium with resources, tools, and best practices to effectively manage the third party risk management lifecycle—including managing its Advisory Board, Steering Committee, Member Forum, Shared Assessments Annual Summit, and the Certified Third Party Risk Professional (CTPRP) program. Robin regularly serves as an industry spokesperson, educating multiple industries and regulators about the Shared Assessments Program. She is often quoted in the press on issues in data security, privacy and business continuity. Her speaking engagements include: BAI, BITS, Corporate Executive Board, Federal Trade Commission (FTC), National Healthcare Anti-Fraud Association (NHCAA), Shared Assessment Annual Summit, Risk Management Association (RMA). Prior to the Santa Fe Group and Shared Assessments Program, Robin managed BITS’ flagship Fraud Reduction Program, including managing the activities of the Program’s nine working groups. She was recruited to help launch Medical Identity Fraud Alliance (MIFA) as Development Coordinator because of her passion for finding fraud solutions. MIFA is the first public/private sector effort to jointly develop solutions and best practices to address medical identity fraud. Additionally, Robin co-founded and is President and CEO of the Foundation for Payments Fraud Abatement and Activism, is on the Board of Eversafe, and vice-chairman of Bethlehem Place, a community food pantry. Robin holds a B.S. in Business and Management, a B.S. in Computer Studies, and an M.S. in e-Commerce from the University of Maryland University College.

About Shared Assessments
The Shared Assessments Program is the trusted source for third party risk management with resources, including tools and best practices, to effectively manage the critical elements of the vendor risk management lifecycle. Members represent a collaborative, global, peer community of information security, privacy, and third party risk management leaders in industries including financial services, insurance, brokerage, healthcare, retail, and telecommunications. The Certified Third Party Risk Professional (CTPRP) certification program, membership, and use of the Shared Assessments Program Tools, ensure organizations stay current with the threat and risk environment, including regulations, industry standards, and guidelines. Shared Assessments provides organizations and their service providers the rigorous controls needed for IT, data security, privacy, and business continuity. The Shared Assessments Program is managed by The Santa Fe Group, a strategic advising company based in Santa Fe, New Mexico. Visit us on the web at www.sharedassessments.org.

About Prevalent
Prevalent is a vendor risk management and cyber threat intelligence analytics innovator with a reputation for developing cutting-edge technologies and highly-automated services that are proven to help organizations reduce, manage and monitor the security threats and risks associated with third party vendors. For more information visit www.prevalent.com

About Symantec
Symantec is a global leader in infrastructure software, enabling businesses and consumers to have confidence in a connected world. Symantec helps customers protect their infrastructure, information, and interactions by delivering software and services that address risks to security, availability, compliance and performance. Headquartered in Cupertino, California, Symantec has operations in 40 countries. For more information visit www.symantec.com