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Viewing Category: Third Party Risk Management

Ransomware – Is it Possible to Avoid Being a Target?

Published on May 22, 2017 By | Posted in: Cyber Attacks, News, Ransomware, Third Party Risk Management

This most recent and extraordinary ransomware attack shows the extent to which thieves will go and the impacts this can have on a global scale. While certain types of organizations have become favored targets for hackers, this particular event underscored the fact that everyone is at risk. In the now infamous WannaCry attack, organizations, agencies […]

Leading Third Party Risk Summit – Celebrating Our 10th Year

Published on May 10, 2017 By | Posted in: Blog, CTPRP Training, Cybersecurity, Event, Guidance, Larry Ponemon, News, Newsletter, Shared Assessments Summit, Third Party Risk Management

. Shared Assessments Program Summit Addresses Digital Transformation As organizations embrace the opportunities afforded by digital technologies, they are facing a business ecosystem that will be forever transformed. The 10th Annual Summit includes pre-Summit workshops and is designed as a comprehensive opportunity for learning, networking and sharing around third party risk. We’ve devoted the week […]

Setting a New Benchmark – New York State Cybersecurity Requirements

Published on April 17, 2017 By | Posted in: Best Practices, Business Resiliency, Compliance, Education, Framework, Newsletter, Outsourcing, Risk Management, Third Party Risk Management, Vendor Risk Managment

For financial services companies that fall under the New York State Department of Financial Services (DFS) cybersecurity requirements rule, the timeline for implementing 23 NYCRR500 has begun. The new rule became effective March 1st. Each section of the rule has a timeline relating to the development of cybersecurity programs for all “Covered Entities.” The regulation […]

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 […]

Setting Expectations for Your Third Parties

Published on March 14, 2017 By | Posted in: Best Practices, Business Resiliency, Education, Newsletter, Outsourcing, Risk, Risk Management, Security, Third Party Risk, Third Party Risk Management, Vendor Risk Managment

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. Scoring third parties consistently was ranked as the most challenging issue in […]

Employing Lines of Defense – Risk Management That’s Not Just for Banks

Published on February 23, 2017 By | Posted in: Best Practices, Business Resiliency, Education, Framework, Newsletter, Outsourcing, Risk, Risk Management, Third Party Risk Management, Vendor Risk Managment

Key Best Practices Messages Robust risk governance principles are espoused in guidelines worldwide for Enterprise Risk Management (ERM) from organizations that vary from oversight agencies to industry support groups. Just for example, the International Association of Privacy Professionals (IAPP), Financial Stability Board (FSB), Committee of Sponsoring Organizations of the Treadway Commission (COSO), the Basel Committee […]

Building Your TPRM Program

Published on January 25, 2017 By | Posted in: Best Practices, Business Resiliency, Education, Outsourcing, Risk Management, Third Party Risk Management, Vendor Risk Managment

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 matched only by the corresponding damage to reputation when vendor network violations […]

Shared Assessments Program Addresses Recommendations of Russian Hack Report for Improved Security

Published on January 13, 2017 By | Posted in: Advanced Persistent Threats, Cyber Attacks, Cyber Crime, Cybersecurity, Hacking, Program Tools, Security, Third Party Risk Management

The Threat Horizon The December 29th joint analysis report (JAR) GRIZZLY STEPPE – Russian Malicious Cyber Activity, contains specific indicators of cyberattacks and steps organizations can take to mitigate the “the tools and infrastructure used by the Russian civilian and military intelligence Services (RIS) to compromise and exploit networks and endpoints associated with the U.S. […]

Smart Cities Incorporate Solid Third Party Risk Assurance

Published on January 3, 2017 By | Posted in: Government, News, State and Local, Third Party Risk Management

Local government liability exposure is far-flung and both large and small municipalities are vulnerable. As the landscape of risk has evolved, not only facilities and service delivery risk management come into play. Now in-house and third party management is essential for risk areas that include cybersecurity, IT, privacy, data security and business resiliency controls. The […]

Press Release: 2016 Shared Assessments-Protiviti Benchmark Study

Published on December 20, 2016 By | Posted in: Benchmark Study, Blog, Press Release, Third Party Risk, Third Party Risk Management, Vendor Risk, Vendor Risk Managment, Vendor Security

MEDIA CONTACT: Marya Roddis, Vice President of Communications O: 505-466-6434 C: 575-235-8228 marya@santa-fe-group.com 2016 Shared Assessments-Protiviti Benchmark Study Demonstrating the Increased Maturity of Third Party Risk Management Programs Santa Fe, NM – December 20, 2016 – The member-driven Shared Assessments Program and Protiviti, Inc., a Shared Assessments member organization, are pleased to announce the release […]

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