This message was posted by a user wishing to remain anonymous We're currently working to refine our Exempt / Out ‑ of ‑ Scope vendor definition and governance framework and want to ensure clarity and consistency. I'm specifically looking ...
@Alesha Briley - wonderful use of the 3LOD and its breakdown. Agree with conclusion (practical approaches). While 3LOD is "replaced" with continuous risk management, it was the universal awareness of everyone's role related to risk, accuracy, ...
Hi Dora! I have worked at two small banks and one mid-to-large non-depository mortgage lender in compliance and fair lending, so I am using those institution experiences for my answer. 3 Lines Structure At each institution: ...
That usually comes to a Third Party Risk Assessment in place. Regularly impose a TPRA to your third parties should help here.
Hi, This should be addressed using a risk-based approach. The initial request for a SOC 2 report is typically driven by the inherent risk posed by the vendor, based on scoping factors such as data access, system access, regulatory impact, and ...
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