No Result
View All Result
SUBSCRIBE | NO FEES, NO PAYWALLS
MANAGE MY SUBSCRIPTION
NEWSLETTER
Corporate Compliance Insights
  • Home
  • About
    • About CCI
    • CCI Magazine
    • Writing for CCI
    • Career Connection
    • NEW: CCI Press – Book Publishing
    • Advertise With Us
  • Explore Topics
    • See All Articles
    • Compliance
    • Ethics
    • Risk
    • FCPA
    • Governance
    • Fraud
    • Internal Audit
    • HR Compliance
    • Cybersecurity
    • Data Privacy
    • Financial Services
    • Well-Being at Work
    • Leadership and Career
    • Opinion
  • Vendor News
  • Library
    • Download Whitepapers & Reports
    • Download eBooks
    • New: Living Your Best Compliance Life by Mary Shirley
    • New: Ethics and Compliance for Humans by Adam Balfour
    • 2021: Raise Your Game, Not Your Voice by Lentini-Walker & Tschida
    • CCI Press & Compliance Bookshelf
  • Podcasts
    • Great Women in Compliance
    • Unless: The Podcast (Hemma Lomax)
  • Research
  • Webinars
  • Events
  • Subscribe
Jump to a Section
  • At the Office
    • Ethics
    • HR Compliance
    • Leadership & Career
    • Well-Being at Work
  • Compliance & Risk
    • Compliance
    • FCPA
    • Fraud
    • Risk
  • Finserv & Audit
    • Financial Services
    • Internal Audit
  • Governance
    • ESG
    • Getting Governance Right
  • Infosec
    • Cybersecurity
    • Data Privacy
  • Opinion
    • Adam Balfour
    • Jim DeLoach
    • Mary Shirley
    • Yan Tougas
No Result
View All Result
Corporate Compliance Insights
Home GRC Vendor News

Shared Assessments Announces TPRM Framework to Aid in Creating, Improving and Managing Third-Party IT Security Risk

by Corporate Compliance Insights
June 18, 2019
in GRC Vendor News
concept of network security

TPRM Framework Provides Wide Range of Best Practices and Strategies for Improving Outsourced Oversight Processes

Santa Fe, NM (June 18, 2019) – The Shared Assessments Program, the member-driven leader in third-party risk assurance, today announced a new Third Party Risk Management (TPRM) Framework designed to help organizations of all sizes effectively build, improve and execute best practices in today’s fast changing third-party risk environment. The first two modules, the Framework Introduction and a module focused on Risk Management Basics, are available to members on the Shared Assessments website (www.sharedassessments.org) today.

As the practice of third-party risk management has evolved, it has become increasingly evident that a fully developed TPRM framework could provide valuable assistance to organizations working to improve outsourcing oversight processes.

Shared Assessments has addressed the need for more detailed guidance by creating the Program’s TPRM Framework, which was developed with the collective intelligence of the Shared Assessments’ membership, a global community of experienced third-party risk management practitioners in a broad array of industries. Framework content is designed to be useful for board members, C-level executives and both beginning and advanced practitioners.

“There has been a significant increase in third-party-related vulnerabilities in recent years, which has in turn resulted in increased demand for Shared Assessments Program resources, so the development of the TPRM Framework is needed now more than ever,” said Shared Assessments Chairman and CEO Catherine A. Allen. “Increasing third-party risks, together with new and changing regulatory mandates, require a new approach for providing the knowledge and practical skills necessary to help organizations more effectively manage third-party risk. The new TPRM Framework represents a critical and effective step forward to help organizations move toward best risk management practices.”

TPRM has emerged as an important practice area within organizational risk management programs where annual benchmarking research indicates only 40 percent of all organizations have fully mature TPRM programs (The Santa Fe Group, Shared Assessments Program and Protiviti, Inc., 2019). The TPRM Framework encompasses all aspects of operational risk, including information security.

Gary Roboff, Senior Advisor at The Santa Fe Group, and the lead on the development of the Framework, noted, “The TPRM Framework is designed to provide guidance for organizations seeking to develop, optimize and manage third-party risk best practices. The Framework also provides guidance about how to implement meaningful incremental improvements in TPRM practice maturity in organizations where resources may be constrained. Resource allocation is a significant obstacle for almost every organization in the current environment.”

Third-Party Risk Management Basics Module

For practitioners, TPRM Risk Basics introduces the importance of a robust program governance and tactics to drive a strong organization-wide risk culture to earn senior management approvals for resources. Additionally, TPRM Risk Basics features a short primer that examines concepts including:

  • Inherent and residual risk
  • Risk appetite statements and frameworks
  • Risk tolerance metrics and other foundational elements
  • Program prerequisites and process factors to be considered when building an organization’s TPRM program, including factors relevant to making a decision about whether or not to outsource a specific business function or activity

To download a copy of the Shared Assessments TPRM Framework, go to https://sharedassessments.org/framework/.

About the Shared Assessments Program

As the only organization that has uniquely positioned and developed standardized resources to bring efficiencies to the market for more than a decade, the Shared Assessments Program has become the trusted source in third-party risk assurance. Shared Assessments offers opportunities for members to address global risk management challenges through committees, awareness groups, interest groups and special projects. Join the dialogue with peer companies and learn how you can optimize your compliance programs while building a better understanding of what it takes to create a more risk-sensitive environment in your organization.

For more information, go to https://sharedassessments.org/.


Previous Post

Sanctions with Chinese Characteristics: PRC Government Threatens to Brand “Unreliable” Foreign Companies

Next Post

3 Ways to Increase Corporate Confidence in Cloud Security

Corporate Compliance Insights

Corporate Compliance Insights

Corporate Compliance Insights

Related Posts

flying blind concept moody balloon drawing

Flying Blind on AI: The New Normal for Compliance Teams

by Jennifer L. Gaskin
July 1, 2025

With the Senate's decisive vote against a state AI regulation moratorium, compliance officers face a stark reality: Most organizations are...

ice building

How Business Leaders Can Navigate a Shifting Immigration Policy Landscape

by Jorge Lopez, Deepti Orekondy and George Michael Thompson
June 25, 2025

Immigration policy changes under the Trump Administration extend far beyond border security, creating immediate business disruptions from workforce gaps to...

risk reporting concepts

The ‘So What?’ Problem With Board Risk Reporting

by Jim DeLoach
June 24, 2025

10 modern principles for transforming risk communication from compliance exercise to strategic dialogue in uncertain times

board of directors meeting table

Before You Say Yes to That Board Seat: A Director’s Due Diligence Checklist

by Chase Cole and Sidney Edgar
June 24, 2025

Public company directors face scrutiny from Wall Street, Congress, the SEC and beyond — comprehensive preparation is essential for business...

Next Post
cloud in the shape of an IT security shield

3 Ways to Increase Corporate Confidence in Cloud Security

No Result
View All Result

Privacy Policy | AI Policy

Founded in 2010, CCI is the web’s premier global independent news source for compliance, ethics, risk and information security. 

Got a news tip? Get in touch. Want a weekly round-up in your inbox? Sign up for free. No subscription fees, no paywalls. 

Follow Us

Browse Topics:

  • CCI Press
  • Compliance
  • Compliance Podcasts
  • Cybersecurity
  • Data Privacy
  • eBooks Published by CCI
  • Ethics
  • FCPA
  • Featured
  • Financial Services
  • Fraud
  • Governance
  • GRC Vendor News
  • HR Compliance
  • Internal Audit
  • Leadership and Career
  • On Demand Webinars
  • Opinion
  • Research
  • Resource Library
  • Risk
  • Uncategorized
  • Videos
  • Webinars
  • Well-Being
  • Whitepapers

© 2025 Corporate Compliance Insights

Welcome to CCI. This site uses cookies. Please click OK to accept. Privacy Policy
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT
No Result
View All Result
  • Home
  • About
    • About CCI
    • CCI Magazine
    • Writing for CCI
    • Career Connection
    • NEW: CCI Press – Book Publishing
    • Advertise With Us
  • Explore Topics
    • See All Articles
    • Compliance
    • Ethics
    • Risk
    • FCPA
    • Governance
    • Fraud
    • Internal Audit
    • HR Compliance
    • Cybersecurity
    • Data Privacy
    • Financial Services
    • Well-Being at Work
    • Leadership and Career
    • Opinion
  • Vendor News
  • Library
    • Download Whitepapers & Reports
    • Download eBooks
    • New: Living Your Best Compliance Life by Mary Shirley
    • New: Ethics and Compliance for Humans by Adam Balfour
    • 2021: Raise Your Game, Not Your Voice by Lentini-Walker & Tschida
    • CCI Press & Compliance Bookshelf
  • Podcasts
    • Great Women in Compliance
    • Unless: The Podcast (Hemma Lomax)
  • Research
  • Webinars
  • Events
  • Subscribe

© 2025 Corporate Compliance Insights