Risk Management in the Age of COVID-19
Fusion Risk Management’s Kim Hirsch has been advising clients on pandemic planning and business continuity management nonstop since the outbreak ...
Tag: Third Party Risk Management
Third party risk management requires a commitment to an organization’s entire operational risk profile. It’s a challenge, since third party risks often occur in areas that have no “owner,” and are therefore easily overlooked. Consequences can be far-reaching for overlooking risks associated with third parties, including lost customers due to a third party’s poor-quality service, data breaches resulting from their poor security practices, or supply chain issues stemming from poor disaster recovery procedures. The significant jump in the use of third parties in business has compounded the risks associated with them and escalated potential consequences.
The following articles about third party risk management address various aspects, including third party due diligence and third party risk assessments.
ESG Screening Underscores Challenges in Third-Party Risk Management
Nearly half of compliance and procurement professionals find it difficult to identify environmental, social and governance within customer due diligence ...
Incorporating the OODA Loop
Stopping Problems Before They Start As third-party IT security/cyber risks become more prevalent, IT security professionals continue to look for more ...
How to Enhance Information Security Efforts
Evan Francen, CEO of FRSecure and Security Studio, makes the case for adopting a third-party information security risk management (TPISRM) ...
Ponemon on Third-Party IoT Risk: Companies Don’t Know What They Don’t Know
Third-Party Risk Factors Require More Board Level Attention on IoT Security Santa Fe, NM (May 7, 2019) – The Santa Fe ...
With Rising Regulatory Pressures, Risk Programs are Running Hard to Stay in Place
Santa Fe Group’s Gary Roboff and Protiviti’s Paul Kooney discuss today’s increasingly fraught risk environment. Among the findings from a ...
3 Potential Risks When Working with Third-Party Vendors
Vendors make the world go round, allowing organizations to efficiently outsource tasks, but they are a top source of breaches ...
5 Common Weaknesses in OFAC Sanctions Compliance Programs
If your business activities take place in the U.S., you need to be doing OFAC screening. Michael Volkov offers five ...
4 Major Audit Risk Themes for 2018
As Audit teams start thinking about their 2018 plans, being able to identify new trends in emerging risk areas that ...
Compliance Takeaways from 5 Third-Party Data Breaches in 2019
Panorays’ Director of Risk & Compliance, Dov Goldman, provides background on several of this year’s most noteworthy data breaches and ...
Strategies to Combat Modern Slavery Risks in the Supply Chain
How Best to Leverage Your Compliance Program The risk of encountering forced labor practices is compounded as companies engage with ...
3 Important Points to Remember About Third-Party Risks
How Much Due Diligence is Enough? It’s easy to get in over one’s head when conducting third-party due diligence. How ...
