Framework for Managing Third Party Reputation Risk

Framework for Managing Third Party Reputation Risk: Identifying, Assessing, Reporting, Mitigating, and Monitoring

by Bob Jones | October 10, 2023 | Best Practices, Briefing Paper

An organization that actively builds and maintains a positive reputation gains a competitive advantage and improves its credibility if an event occurs that impacts that reputation. This paper lays the groundwork and helps stimulate thought around managing reputation risk, providing the opportunity a ....

5G Security Needs Rethinking, Quickly

by Sabine Zimmer | June 10, 2020 | Best Practices, Data & Cybersecurity, Third Party Risk Management

As the race to implement fifth generation wireless (5G) intensifies, we should take a brief pause to address common misperceptions that could create major cybersecurity challenges among trading partners as well as from a national defense standpoint. 5G Security needs understanding and rethinking, qu ....

Shared Assessments Best Practices Guide and New Visual Tools Help Practitioners Demonstrate TPRM Program Value

by Sabine Zimmer | December 16, 2019 | Best Practices, Tools & Templates

Third party risk management practitioners today work in an environment rife with conflicting demands. Mounting pressure for speedy vendor onboarding is occurring in an environment that is facing escalating regulatory requirements, even in industries where in the past regulations have been minimally ....

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The Shared Assessments Program 2017 Strategic Risk Management Initiative

April 11, 2017 | Best Practices, Business Resiliency, Certified Third Party Risk Professional (CTPRP), Cybersecurity, Education and Training, Framework, Outsourcing, Risk, Risk Management, Security, Third Party Risk, Third Party Risk Management, Vendor Risk Management

The Shared Assessments Program is the only organization that has uniquely positioned and developed standardized resources for managing the complete third party relationship lifecycle. Such standardization is critical to the advancement of effective, secure third party controls and risk management in ....

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Setting Expectations for Your Third Parties

March 14, 2017 | Best Practices, Business Resiliency, Education and Training, Outsourcing, Risk, Risk Management, Security, Third Party Risk, Third Party Risk Management, Vendor Risk Management

Risk Rating During On-Boarding Including third party risk rating as a strategic part of a robust risk management program provides the opportunity for early identification of the wide range of issues that ripple through both regulated and unregulated industries wherever outsourcing is present. Sco ....

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Building Your TPRM Program

January 25, 2017 | Best Practices, Business Resiliency, Education and Training, Outsourcing, Risk Management, Third Party Risk Management, Vendor Risk Management

PwC’s report highlighting monitoring of vendor networks by means of supply chain risk analytics focuses on the fact that the volume and transactions of outsourcing amplify risk. “The increasing severity of consequences for regulatory violations by vendors in complex global supply chains is match ....

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