Tuesday, August 1st at 12:00pm EST | 9:00am PST
Vendor risk management is vital to a company’s ability to identify, monitor and manage its risk exposure from third-party suppliers of products and services. When business processes are outsourced to an external vendor, sensitive data may be transmitted, stored and processed on vendor networks. In addition, vendor access to company systems creates additional exposure from unauthorized access to critical systems and information.
Vendor security breaches, performance problems or other failures hold the potential for lost revenue from business disruption, a negative impact on business performance, and damage to reputation. A growing number of federal and state regulations mandate that companies proactively manage this risk, providing additional focus on the need to develop robust third party risk management programs.
In this two-hour LIVE Webcast, a panel of key thought leaders assembled by The Knowledge Group will lay out the essentials of an efficient, cost-effective third-party risk management program. The program will run the gamut from vendor selection to vendor risk ranking and risk analysis, ongoing monitoring, and management/board reporting. The program is specially tailored to the financial industry.
Key topics include: