LockPath, Shared Assessments partner to provide third-party risk insights
OVERLAND PARK, Kan.—Third-party risk management is becoming increasingly critical for businesses. Data loss and compliance incidents are frequently associated with a company’s business partners, and regulations are expanding to cover organizations’ third parties.
Despite the urgency, many businesses struggle to establish a solid foundation for their third-party risk programs. To address the third-party management landscape, LockPath, a leading provider of compliance and risk management software, and Shared Assessments, the trusted source in third-party risk assurance, are partnering to present a webinar on establishing an effective third-party risk program.
Tom Garrubba, a nationally recognized expert on third-party risk who currently serves as senior director of Shared Assessments, and Shawn Hickey, Solutions Manager at LockPath, will present a free 50-minute webinar, “Who owns third-party risk (and other questions)?” on Aug. 12 at 1 p.m. EDT.
“From onboarding new vendors to assessing and re-assessing them for compliance with policies and regulations, businesses are facing an unprecedented time and resource commitment to adequately manage their third parties,” Garrubba said. “Luckily, there are best practices and techniques that can lessen that burden and improve risk management, which we will cover in the online session.”
The webinar will address the following:
- Establishing third-party risk management program ownership
- Developing third-party policies, procedures and practices
- Establishing a vendor inventory
- 5 Strategic points to consider when developing a prioritization strategy
“Breaches are often caused by a company’s third-party vendors, but it’s not the third party’s name that will make the headlines” Hickey said. “Companies must perform their due diligence on vendors, especially those that will have access to sensitive information, and then be sure to re-assess them on a regular basis.”
Webinar registrants can pre-submit questions on third-party risk management to firstname.lastname@example.org to be answered during the session. For more information and to register, visit http://go.lockpath.com/thirdpartyrisk.
About Shared Assessments
Shared Assessments Program members represent industry outsourcers, vendors, and assessments firms of all sizes that work together in a global, peer-to-peer community of information security, privacy, and third party risk management leaders. These thought leaders share best practices and ensure program tools are up-to-date and meet regulations and voluntary guidelines and standards. Online at: https://sharedassessments.org/
Shared Assessments Media Contact
LockPath is a market leader in corporate governance, risk management, regulatory compliance (GRC) and information security (InfoSec) software. The company’s flexible, scalable and fully integrated suite of applications is used by organizations to automate business processes, reduce enterprise risk and demonstrate regulatory compliance to achieve audit-ready status. LockPath serves a client base of global organizations ranging from small and midsize companies to Fortune 10 enterprises in more than 15 industries. The company is headquartered in Overland Park, Kansas.
LockPath Media Contact