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    Data Breach / CyberAttack with Third-Parties

    By: Michele Deo , yesterday
    Posted in: Information Security

    I am interested in finding out if anyone has developed an incident report that you use when a third-party has reported to you that a cyberattack/data breach has hit their systems? Is there a ...

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    RE: FinTech

    By: Megan McNulty , 3 days ago
    Posted in: Exams or Audits

    As a financial institution, our Bank has been onboarding many FinTech Partnerships. The OCC supplemental bulletin 2017-7 (I believe) regarding FinTechs recommends the same third-party processes ...

    1 person likes this.
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    RE: Risk Register

    By: Ashley Stang , 3 days ago
    Posted in: Risk Assessments

    Sheila, I hope I'm not too late to the party to share a thought. I have a couple recommendations for monitoring and tracking QOS. First, I recommend you build a QOS Questionnaire within your ...

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    RE: Vendor Risk Profile Distribution

    By: Branan Cooper , 4 days ago
    Posted in: Reporting

    Our survey will be out soon but typically, we have found that approx 10% of the vendors come out as Critical and about 20% as High risk... based on not only our survey but also many conferences ...

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    RE: GLBA help...

    By: Michele Deo , 10 days ago
    Posted in: Due Diligence and Ongoing Monitoring

    Yes as part of our onboarding and/or periodic review process, the due diligence package for all cloud vendors or Critical/High rated vendors requires a SOC to be collected and reviewed by our ...

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    CCPA

    By: Anonymous Member , 2 months ago
    Posted in: Due Diligence and Ongoing Monitoring

    This message was posted by a user wishing to remain anonymous I'm interested in knowing how others are handling CCPA requirements. Do you take the position that you are not responsible for ...

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The professionals who take on the job of third party risk ensure the right steps are taken to protect their organizations from vendor risks and avoid costly regulatory enforcement actions. While risk comes in many forms - a good third party risk management program can help address financial, reputation, credit, operational risk and much more during the business lifecycle. 

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  • 5 Steps to Scale Your Third Party Risk Management Program

    4 days ago
    Your plate is full. Your third party risk management team is falling behind and struggling to keep up with the volume of work, more so than ever now, as there’s such a regulatory emphasis on the ongoing monitoring nature or lifecycle approach to vendor risk management.

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    5 days ago
    In third party risk management, each passing year provides more unique perspective. In 2019, there was certainly a strong focus on data security, clarifying unclear regulations – like “abusive” in Unfair, Deceptive, Abusive Acts or Practices (UDAAP ) – and more. And, there were absolutely a few lessons learned.
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