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The Shared Assessments Blog

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The Shared Assessments Program 2017 Strategic Risk Management Initiative

Published on April 11, 2017 By | Posted in: Best Practices, Board's, Business Resiliency, Certified Third Party Risk Professional (CTPRP) program, Cybersecurity, Education, Framework, Outsourcing, Risk, Risk Management, Security, Third Party Risk, Third Party Risk Management, Vendor Risk Managment

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 an otherwise fractured market. As part of our 2017 initiative, we’re formalizing the Shared […]

Demonstrating the Increased Maturity of Third Party Risk Management Programs – 2016 Benchmark Study

Published on November 29, 2016 By | Posted in: Benchmark Study, Benchmark Study, Blog, Board's, Newsletter, Risk Management, Shared Assessments, Third Party Risk, Third Party Risk Management

The Shared Assessments Program and Protiviti, Inc., a Shared Assessments member organization, have completed the 2016 Vendor Risk Management Benchmark Study, the third annual study in this series. This year’s study shows, for the first time, that companies appear to have reached a positive turning point with regard to managing third party risks. Data from […]

Making the Case for a Security Committee of the Board

Published on August 3, 2015 By | Posted in: Board's, Cybersecurity, Security

The daily announcements of cybersecurity breaches, increasing concern about terrorism on critical infrastructures, the rising reputational risks that social media brings, the rapidly changing technology marketplace, and the complexity of managing increasing risks all put pressure on boards to stay up to speed and to be proactive rather than reactive. Traditionally, oversight of operational and […]

Dear Member of the Board

Published on February 24, 2015 By | Posted in: Board's, Newsletter, Vendor Risk Managment, Vendor Security

Whether you’re a board member of a retailer like Starbucks or sitting on a large financial services board like JPMorgan Chase, I’ll bet you’re pleased at this point that you said no to SONY board membership. Though Enron is now nearly 13 years behind us, you may recall the U.S. Senate subcommittee finding that ultimately […]

Top 5 Things Your Board and CEO Should Know About Third-Party Risk Management

Published on December 15, 2014 By | Posted in: Board's, Third Party Risk

As an executive manager or member of your company’s board of directors, third-party risk management should be top of mind. Here are five things you need to know: 1. Contracts are no longer enough to protect the business. Contracts are incredibly important, however, they do not provide the visibility you need to reduce the risks […]

Breach Response 101: Educate Your C-Suite & Board of Directors

Published on June 2, 2014 By | Posted in: Board's, Data Breach

Between the Q1 market response to retailer breaches and the Heartbleed Bug Vulnerability, organizations of all sizes are assessing and reviewing their internal and external incident management policies, standards and procedures. The pace at which incidents can go viral requires communication to be coordinated at all levels within an organization. A challenge for many companies […]

Heightened Expectations, Cybersecurity, and the Board’s Role in Risk Management

Published on April 30, 2014 By | Posted in: Board's, Cyber Risk, Cybersecurity, Operational Risk, Risk Management

The first quarter of 2014 has been marked by an increasing focus on the board’s role in risk management, not just in the financial services industry (where in January the OCC issued proposed rules detailing how a board of directors should oversee risk1 ) but more widely in other vertical sectors. As The Conference Board […]

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