Have we become convenience junkies? We have become a mobile society, a mobile economy, and we live a mobile life. Seventy-seven percent of Americans now own smartphones. How do we balance this convenience with privacy, security and risk? Linnea Solem, Chairperson of the Shared Assessments Program Privacy Working Group, explores that balance in this article. […]
The objectivity of a risk rating process that follows best practices informs a more effective evaluation and comparison of third party control postures. This paper discusses what third party risk rating is, what risk rating is needed and how an organization can apply risk rating best practices as part of their risk management program. It […]
In the past seven years we have seen tremendous changes in technology, personnel and business practices. Cloud has now become the de-facto industry model for providing a computing service. Mobile has become the most common model for accessing data. Cloud platforms are managing billions of Internet of Things (IoT) devices daily; and new exciting developments […]
Establishing a strong standard for risk management means including all stakeholders before a third party is brought on board. The paper focuses on ways to effectively integrate Procurement into the third party oversight function.
DID YOU KNOW? Consensus is quickly growing that an effective risk culture cannot be developed without a “Tone at the Top” that demonstrates, beyond doubt, that the Board and C-Suite are active in building and maintaining an effective enterprise risk management culture and program, inclusive of third party risk issues. The right Tone at the […]
Moving the Needle on Longitudinal Tracking for More Effective Processes Continuous monitoring, a subset of ongoing monitoring, moves the risk posture of systems to a level that allows tracking over time, often in real-time, to raise awareness of changing vulnerabilities and processes for more effective decision-making and achieve discernable gains in risk management.
A Shared Assessments awareness committee was established to create a best practice assessment and scoping guideline practical for all outsourcing organizations, onsite assessment teams, managers and service providers, regardless of industry or assessment scope. The guideline will work in concert with existing onsite assessment tools and processes. It provides a clear, consistent methodology to keep […]
To help organizations be better prepared against increasingly inevitable incidents, the Shared Assessments Program SIG Committee has released Building Best Practices for Effective Monitoring of a Third Party’s Incident Event Management Program. The paper outlines a newly developed best practices model of incident event management program creation.
