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How To Meet 23 NY CRR 500 Third-Party Risk Management Compliance

New York State Department of Financial Services (DFS) 23 NY CRR 500 is designed to protect the confidentiality, integrity and availability of financial services customer information. Here’s what you can do to comply. In early 2017, the New York State Department of Financial Services (DFS) instituted a regulation to establish cybersecurity requirements for financial services…

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Poll: Over Half Of Risk Managers Say Their Vendor Risk Management Program Is Underperforming

Third Party Risk Programs Make A Good Start… But Have A Long Way To Go A recent poll of over 500 risk management professionals hosted by DVV Solutions technology partner ProcessUnity and other leading IT GRC and Vendor Risk Management (VRM) experts suggests that while many organisations are on the right path to a successful…

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DVV Solutions & ProcessUnity to drive Operational Resilience through TPRM at UK Risk Network

Illustrating the value of a robust and comprehensive Third-Party Risk Management (TPRM) framework  DVV Solutions and ProcessUnity are proud to announce their sponsorship of UK Risk Network 2019 – one of a series of forums for the development of Enterprise Risk strategy development across the European Financial sector. “As we advance our partnership with DVV…

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An Attack on 3rd-Party Advertising Company Increased Cyber Risk of European E-Commerce Sites

You’re only as strong as your weakest link A malicious code injected to a third-party Javascript of an advertising agency targets credit card information of online shoppers at European-based e-commerce sites. Many websites leverage Javascripts to track their visitors, collect analytics, etc. so, use of a Javascript library of an advertising agency is not uncommon. External…

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Good Responses to Bad Contracts – A Shared Assessments Blog

Most third party risk managers eventually deal with bad vendor contracts. In most cases, these contracts – which lack important provisions or no longer conform to regulatory requirements or organisational guidelines – pose significant risks to the organisation. Many of these risks can be mitigated, doing so requires a well-defined process, a robust third party…

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Is Your Risk Management Program Ready for the New European Banking Authority’s Guidelines?

In June 2018, the European Banking Authority (EBA) put forth guidelines on outsourcing arrangements that highlighted the importance of risk management within financial organisations. The notice of these guidelines was announced in June 2018 and will be enforced later in 2019. On February 25th of this year, the EBA revised the guidelines to include specific…

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ProcessUnity and DVV Solutions Partner to Deliver World-Class Third-Party Risk Managed Services

DVV Solutions adds industry-leading ProcessUnity Vendor Cloud platform to its expanding managed services portfolio   ProcessUnity, a leading provider of cloud-based applications for risk and compliance management, today announced that Third-Party Risk Management (TPRM) specialist DVV Solutions has joined the ProcessUnity Partner Program as a Managed-Service Provider (MSP). DVV Solutions will add ProcessUnity’s Third-Party Risk…

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Incorporate Financial Ratings and Cybersecurity Scores for a More Comprehensive View into Vendor Risk

RapidRatings, Security Scorecard and BitSight Expand Our Intelligent Risk and Compliance Ecosystem As a standalone solution, ProcessUnity’s cloud-based Vendor Risk Management software delivers significant value by helping organisations streamline onboarding, due diligence and assessment processes and effectively understand the state of third-party risk.  Better yet, the platform can incorporate specialised intelligence and risk ratings –…

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DVV Solutions joins BitSight Partner Program to further enhance Third-Party Risk Management Services

Inclusion of security ratings adds greater depth and relevance to the understanding and management of Third-Party risks DVV Solutions, specialists in Third-Party Risk Management (TPRM), today embarked on a strategic managed service provider relationship with BitSight, the Standard in Security Ratings. DVV Solutions and BitSight announced a new channel partnership agreement that will enable DVV…

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TPRM Program Development – Pt 4 “Treating Third Parties as Trusted & Valued Partners”

Part 4: “Treating Third Parties as Trusted & Valued Partners” This TPRM blog series, compiled by experienced CSO, Bob Maley of NormShield Cybersecurity, has been designed to help CISOs and other risk management practitioners examine their programs from a unique perspective – one in which the objective problem your organisation is trying to solve takes center…

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