Stature
glossary
"Refers to the ability and authority to influence decisions and effect change throughout the organization, procure resources necessary to carry out responsibilities, escalate issues as needed to senior management and the board, and observe or participate on relevant management committees." Federal Register. Federal Reserve System…
2020 Perspectives: Change, Fortune and Frame(works)
Blog
by Sabine Zimmer | February 24, 2020 | Standardized Control Assessment (SCA),
In 1964, the average tenure of companies on the S&P 500 was 33 years. In 2016, that average tenure decreased to 24 years. By 2027, according to the consulting firm Innosight, companies will remain on the S&P 500 for an average of only 12 years. This…
10 Trends and 7 Resolutions in Third Party Risk for 2020
Blog
by Sabine Zimmer | January 10, 2020 | Third Party Risk Management
In 2019, data privacy dominated third party risk management (TPRM) activities, thanks to the European Union’s (EU’s) General Data Protection Regulation (GDPR) and California Consumer Privacy Act (CCPA). Data privacy concerns will continue to top TPRM priorities in 2020, but those lists will be overstuffed…
A Shared (Assessments) Success
Blog
by Sabine Zimmer | April 23, 2019 | News And Events, Shared Assessments Summit
The 12th Annual Shared Assessments Third Party Risk Summit featured the latest thought leadership and best practices in cybersecurity, risk management, vendor management, privacy and assessments featuring provocative topics and engaging keynotes and panelists. Attendees visited with exhibitors and sponsors while engaging in some serious…
Operational Risk
glossary
Includes IT and Infrastructure Risks, Third Party Risk Management, etc.) occurs when either a service provider or the outsourcer exposes an organization to direct or indirect losses due to inadequate or failed internal processes or systems. Retrieved and adapted from Guidance on Managing Outsourcing Risk.…