High-Profile Data Breaches have placed a spotlight on the risk of cyber security breaches with vendors and subcontractors, expanding the need to have greater rigor in third party risk management and ongoing risk assessments. Maintaining an effective third-party risk management program doesn't happen overnight. It's a journey that involves continual learning, refinement and evolution.
And as a program matures over time, it results in the management of vendors and other third parties with fewer risks, lower costs, better performance and stronger compliance. Since every company is at a different place in their journey towards better vendor management, it's important to identify steps that you can follow as you mature your program, and to consider your vendor risk ecosystem and the data and services that can have an enormous impact on risk reduction. Watch this CPE accredited webinar to learn the steps to mature your third-party risk management program, including how to:
- Create a third-party risk-management maturity roadmap,
- Connect with enterprise systems to create a centralized data repository and enable seamless vetting activities across processes,
- Incorporate external content sources for a more wholistic view of your vendors plus more sustainable ongoing monitoring,
- Strengthen and streamline your third-party risk management efforts.