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The Shared Assessments Blog

Viewing Category: Third Party Risk

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 […]

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 […]

Strengthening Third Party Risk Management with Agnostic Program Tools

Published on December 14, 2016 By | Posted in: Agreed Upon Procedures (AUP), Blog, Newsletter, Press Release, Program Tools, Risk Assessment, Risk Management, Shared Assessments, Standardized Information Gathering (SIG), Third Party Risk, Third Party Risk Management, Tone at the Top, Vendor Risk, Vendor Risk Management Maturity Model (VRMMM), Vendor Risk Managment, Vendor Security

Third party mishaps resulting in breaches and other newsworthy events continue to drive home the need for improved risk management program capabilities in all verticals. From planning for engagement, through due diligence and vendor selection, contract negotiations, ongoing and continuous monitoring and through termination, the Program Tools helps organizations effectively manage the critical components of […]

Updated for 2017: Tools Specifically Designed to Manage Third Party Risk

Published on November 29, 2016 By | Posted in: Agreed Upon Procedures (AUP), News, Press Release, Program Tools, Risk Assessment, Risk Management, Shared Assessments, Standardized Information Gathering (SIG), Third Party Risk, Third Party Risk Management, Vendor Risk, Vendor Risk Management Maturity Model (VRMMM), Vendor Risk Managment, Vendor Security

PRESS RELEASE Contact: Marya Roddis Vice President of Communications marya@santa-fe-group.com  505-466-6434 Updated for 2017: Tools Specifically Designed to Manage Third Party Risk Shared Assessments Program Tools Empower Risk Management Confidence Santa Fe, NM — November 29, 2016 — The Shared Assessments Program, the member-driven trusted source in third party risk assurance, announces the release of […]

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 […]

Shared Assessments Updated 2017 Program Tools

Published on November 1, 2016 By | Posted in: Blog, Program Tools, Shared Assessments, Third Party Risk, Third Party Risk Management, Vendor Risk, Vendor Risk Managment

Tools That Empower Vendor Management Confidence Shared Assessments responds directly to the dynamic landscape of third party risk management with the annual update of its Program Tools. The Tools serve organizations, regardless of size and industry, helping them navigate the constantly evolving landscape of cyber and other security threats at both the national and international […]

Comments Invited on Federal Banking Agency Enhanced Cyber Risk Management Standards

Published on October 19, 2016 By | Posted in: Cyber Risk, Data, Data Protection, OCC, Third Party Risk, Third Party Risk Management

The three federal banking regulatory agencies, the Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency, announced an advance notice of proposed rulemaking (ANPR) regarding enhanced cyber risk management standards for large and interconnected entities under their supervision, as well as those entities’ service providers. The standards […]

You Can’t Build a Robust Risk Management Program Without the Right Skills

Published on October 16, 2016 By | Posted in: Blog, Certified Third Party Risk Professional (CTPRP) program, Data, Data Protection, Education, Newsletter, Third Party Risk, Third Party Risk Management

The intricate third party risk management (TPRM) lifecycle requires coordinated and well-integrated knowledge from the Board and C-Suite through management and general staff, and extends throughout the relationship with third and fourth parties. The complex elements of a robust TPRM program involve effective design, control and monitoring of policies and processes, third party and system […]

Building A Robust Third Party Risk Management Program

Published on September 16, 2016 By | Posted in: Data Protection, Newsletter, Third Party Risk, Third Party Risk Management

Strong third party risk management is a growing requirement in the face of globalization and the increasing dependence on third parties that support core products and functions. Third party risk management (TPRM) revolves around the whole relationship lifecycle. This intricate lifecycle requires organizations to apply an integrated approach that expands the need for robust governance, […]

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