On June 7th, the OCC issued a welcomed update to the 2013 Guidance on how to manage third party relationships (OCC Bulletin 2017-21). While much of the guidance provides insight into how to address issues related to fintech companies, there are several key areas that have received little, if any, previous formal comment by the OCC. This first in a series of blogs will address an area of the Guidance that will substantially improve the TPRM process.
Recent News
Acquisition of Datum Security Solution Helps Close Dangerous Gap in SMB Third-Party Risk Exposure
WARREN, NJ (June 13, 2017) – Prevalent, Inc., the leader in Third-Party Risk Management and Cyber Threat Intelligence, today announced the acquisition of Datum Security, the leader in Third-Party Risk Validation for small and medium-size business.
“Our objective has always been to provide a comprehensive suite of solutions for vendor risk management to our customers, from enterprise assessment software to vendor evidence sharing networks, to continuous monitoring,” said Jonathan Dambrot, CEO, Prevalent. “The Datum Security acquisition will help our customers greatly reduce the risk exposure resulting from small to medium sized vendors.”
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