Best Practices for Reducing Third Party Risk
WARREN, NJ – Prevalent, Inc., the leader in Third Party Risk Management, today announced that Brenda Ferraro, Senior Director of Networks, will be a featured speaker at the Global Resilience Federation (GRF) Summit on Third Party Risk, held October 24-26 in Leesburg, Virginia. The goal of the summit is to increase awareness of security best practices, offer an opportunity for collaboration among third party vendors and organizations’ risk management teams, and provide a platform for security leaders to share expertise and learn from each other to improve holistic security.
Members and vendors from H-ISAC, Financial Services ISAC, Legal Services ISAO, Oil and Natural Gas ISAC, Energy Analytic Security Exchange, Retail Cyber Intelligence Sharing Center, National Retail Federation’s Retail ISAO, and Multi-State ISAC communities make up this cross-sector summit.
“The exponential growth in third parties poses a top risk for any organization,” said Jonathan Dambrot, co-founder and CEO of Prevalent. “We are proud to support an organization like GRF who connects intelligence sharing communities to identify proper techniques and effective controls for managing vendor risk.”
Prevalent is widely recognized as a thought leader in industry consortiums that drive innovative solutions to new third party threats. It holds strategic partnerships with Shared Assessments and is the chosen platform for powering H-ISAC’s Shared Services Questionnaire. Prevalent’s Legal Vendor Network is used by leading US law firms for vendor assessment and continuous monitoring.
Ferraro’s session, “The Triple Threat: How Automated Assessments, Continuous Monitoring, and Evidence Sharing Networks Drive Best Practices,” will take place October 25, starting at 10:00 am EST. Attendees will learn that a comprehensive program for managing vendor risk can drive scale, speed, and savings.
Implementing a vendor risk management program is a critical component of a comprehensive security strategy. As customers increasingly outsource non-core business processes, customer and proprietary data move beyond their direct control. The growth of cybercrime and increased regulation makes it vital for companies to work closely with vendors to make sure proper IT security controls are in place.
Prevalent is also an event sponsor and will be available to share best practices for identifying and managing risk in third party business relationships.
To learn more about the GRF Summit, please visit https://grfederation.org/2018-Summit-Overview.
About Prevalent Prevalent helps enterprises manage risk in third party business relationships. It is the industry’s only purpose-built, unified platform that integrates a powerful combination of automated assessments, continuous monitoring, and evidence sharing for collaboration between enterprises and vendors. No other product on the market combines all three components, providing the best solution for a highly-functioning, effective third party risk program.
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Prevalent, Inc. 617-966-0067
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