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Virtual Assessments in Today’s Third Party Risk Landscape

The lock down caused by the pandemic has forced all companies to deploy some type of virtual work force, effectively eliminating the ability to conduct on-site risk control assessments. How have risk professionals and TPRM programs pivoted to address these changes? What is the impact on third party assurance testing (e.g., SOC, PCI, etc.) and evaluations been impacted? We will discuss the methods currently being used to perform risk control assessments virtually and other creative ways third party risk is being managed today.