Due Diligence and Ongoing Monitoring

We define a Critical vendor as a vendor that provides services that are critical to the Bank or is a SOX vendor. Critical services may have a significant client impact that could cause material harm if the vendor fails to meet expectations or could have ... More

Hi, For us critical is defined as a vendor that is critical to our daily business and/or one that has a large amount of private information. If we cannot function without them they are critical. All critical get reviewed at least ... More

This message was posted by a user wishing to remain anonymous Hi all, I'm interested in how peer organizations are approaching two areas within their third-party risk programs: Critical Vendor Definition: How does your organization define ... More

This message was posted by a user wishing to remain anonymous Hi Everyone, at my company (large global insurance company) we are looking in to broadening processes and controls around data sent to third parties. I'm wondering if anyone as any processes ... More

Good afternoon, I am trying to gain some insight into what Tier other Credit Unions have their auto refinance vendors placed at and why. We seem to have a difference of opinion whether they should be a Tier 2 GLBA or a Tier 6 Moderate, only reviewing ... More