Practical Vendor Management to Minimize Compliance Risks

Practical Vendor Management to Minimize Compliance Risks

Nov 16, 2015 | Third Party Risk Management, Vendor Risk, Vendor Risk Management

The Santa Fe Group Senior Vice President, Charlie Miller, recently participated on the Truste webinar, Practical Vendor Management to Minimize Compliance Risks

Webinar Description
Organizations will be judged by the company they keep. Don’t let third parties off the hook, when your data privacy compliance is at risk. While third parties come through breaches unscathed, organizations from often pay a high price for public incidents linked to vulnerabilities that vendors introduce.

When considering privacy management for your organization, it’s also essential to factor in the risk you take on when contracting with an outside vendor. If a vendor is found to be in violation of privacy regulations, best practices or simply aren’t following their own privacy policies, you could face repercussions along with that company. Organizations should conduct a thorough privacy risk assessment with a potential vendor before working with them, and continue to monitor privacy compliance with all vendors on a regular basis.

The Webinar reviewed how to identify key considerations, requirements and risks when dealing with downstream vendors and priorities for effective program management.

To view the recording, click here
To view the slides, click here

Click the following links for: further details of the Shared Assessments 2015 Vendor Risk Management Benchmarking and the Shared Assessments Collaborative Onsite Assessments case study.

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