No Result
View All Result
SUBSCRIBE | NO FEES, NO PAYWALLS
MANAGE MY SUBSCRIPTION
NEWSLETTER
Corporate Compliance Insights
  • Home
  • About
    • About CCI
    • Writing for CCI
    • 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
  • Career Connection
  • Events
    • Calendar
    • Submit an Event
  • Library
    • Whitepapers & Reports
    • eBooks
    • CCI Press & Compliance Bookshelf
  • Podcasts
  • Videos
  • Subscribe
  • Home
  • About
    • About CCI
    • Writing for CCI
    • 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
  • Career Connection
  • Events
    • Calendar
    • Submit an Event
  • Library
    • Whitepapers & Reports
    • eBooks
    • CCI Press & Compliance Bookshelf
  • Podcasts
  • Videos
  • Subscribe
No Result
View All Result
Corporate Compliance Insights
Home GRC Vendor News

Shared Assessments Introduces 2022 Third-Party Risk Management Toolkit

by Corporate Compliance Insights
September 28, 2021
in GRC Vendor News
repairman standing with toolbox

Sweeping Updates Speak to Rapidly Shifting Regulatory Landscape, DOJ Guidance, State Privacy Laws, GDPR and Expanded ESG Features Included in Toolkit

Shared Assessments, a consortium of corporations, IT service providers and assessment firms, has issued its 2022 Third-Party Risk Management (TPRM) toolkit, aimed at helping risk managers and consultants meet increased regulatory pressure in data governance and ESG.

An estimated 15,000 organizations, risk management programs, practitioners and consultants use Shared Assessments’ tools and research, and the organization’s annual updates help shape best practices in managing risks resulting from third-party vendors. Included among updates for 2022 are 1,600 newly integrated control points, including:

  • NIST 800-53 (Rev.5) Security and Privacy Controls for Information Systems and Organizations
  • DOJ June 2020 Guidance on Evaluation of Corporate Compliance Programs for publicly held U.S. Companies
  • Consensus Assessments Initiative Questionnaire (CAIQ) v3.1 (April 2020)
  • CSA Cloud Controls Matrix (CCM) Version 4
  • Industrial Automation and Control Systems Guidance EC-62443 (2018)
  • GDPR Guidance on Standard Contractual Clauses (SCCs) June 2021
  • State Privacy Laws (CA, CO, VA)

In addition to updates that address rapid regulatory changes across the globe, the TPRM toolkit also includes several new features, including ESG updates among all tools, including:

  • Standardized Information Gathering (SIG) Questionnaire Tools: The 2022 SIG Questionnaire allows organizations to build, customize, analyze and store questionnaires. A simplified user experience delivers vetted questions mapped to the most recent controls and regulatory guidance.
  • Standardized Control Assessment (SCA) Procedure Tools: The SCA Procedures are standardized resources (tools, templates, checklists, guidelines) to plan, scope and perform third party risk assessments. If the SIG is the “trust,” SCA is the “verify.” The COVID-19 pandemic shifted risk management programs toward performing virtual assessments, elevating the SCA’s importance as the standard for improving efficiency, accuracy and quality in remote and onsite assessments.
  • Vendor Risk Management Maturity Model (VRMMM) Benchmark Tools: A TPRM program assessment tool to assist organizations as they develop mature TPRM programs, the VRMMM allows third party risk programs to benchmark themselves against a comprehensive set of best practices.
  • Data Governance Tools: These have evolved to help meet increasing regulatory pressures across the world. They support business resilience to enhance Disaster Recovery and Business Continuity Plans, and provide insight into 4th/Nth party and cloud provider risk.

About the Shared Assessments Program

Shared Assessments 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. For more information, visit https://sharedassessments.org/ or https://www.sharedassessments.org/blog/2022-third-party-risk-management-toolkit/.


Previous Post

LogicGate Introduces Risk Cloud Quantify to Put Assessments in Terms of Real Dollars

Next Post

Ageism in Tech: The Barrier to DEI That No One Is Talking About

Corporate Compliance Insights

Corporate Compliance Insights

Related Posts

business person diving for answers

Diving Into the Deep End of ESG Reporting? Do You Even Know How to Get to the Pool?

by FTI Consulting
June 24, 2022

Companies are eager to establish their ESG programs, and it’s not hard to understand why. But as a trio of...

Stericycle FCPA Enforcement Action

Stericycle FCPA Enforcement Action

by Corporate Compliance Insights
June 23, 2022

Tom Fox dives into the details of Stericycle’s multinational bribery scheme in Latin America that landed the company millions of...

Ethisphere Launches The Sphere to Provide On-Demand Ethics and Compliance Benchmark Analysis

Ethisphere Launches The Sphere to Provide On-Demand Ethics and Compliance Benchmark Analysis

by Corporate Compliance Insights
June 23, 2022

Business ethics think-tank Ethisphere has launched a new product that aims to enable ethics and compliance leaders to efficiently benchmark...

Never the Same: 5 Ways Russia’s Invasion of Ukraine Will Impact Business Forever

Never the Same: 5 Ways Russia’s Invasion of Ukraine Will Impact Business Forever

by Thomas Fox
June 23, 2022

Tom Fox’s musings on the war following a recent chat with Exiger CEO Brandon Daniels; the pair discuss the ways...

Next Post
Old hands type on a laptop keyboard

Ageism in Tech: The Barrier to DEI That No One Is Talking About

Compliance Job Interview Q&A

Jump to a Topic

AML Anti-Bribery Anti-Corruption Artificial Intelligence (AI) Automation Banking Board of Directors Board Risk Oversight Business Continuity Planning California Consumer Privacy Act (CCPA) Communications Management Corporate Culture COVID-19 Cryptocurrency Culture of Ethics Cybercrime Cyber Risk Data Analytics Data Breach Data Governance Decision-Making DOJ Download Due Diligence Enterprise Risk Management (ERM) ESG FCPA Enforcement Actions Financial Crime GDPR HIPAA Know Your Customer (KYC) Machine Learning Monitoring Ransomware RegTech Reputation Risk Risk Assessment SEC Social Media Risk Supply Chain Technology Third Party Risk Management Tone at the Top Training Whistleblowing
No Result
View All Result

Privacy 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
  • Resource Library
  • Risk
  • Uncategorized
  • Videos
  • Webinars
  • Well-Being
  • Whitepapers

© 2022 Corporate Compliance Insights

No Result
View All Result
  • Home
  • About
    • About CCI
    • Writing for CCI
    • 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
  • Career Connection
  • Events
    • Calendar
    • Submit an Event
  • Library
    • Whitepapers & Reports
    • eBooks
    • CCI Press & Compliance Bookshelf
  • Podcasts
  • Videos
  • Subscribe

© 2022 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