During this dynamic and stressful workplace environment 2020 has brought us, finding the most efficient ways to perform in your job has never been more important. When it comes to managing your vendor lifecycle, there are three ways you can implement more efficient processes to save time and money for your business. Staying competitive with your…
LEARN MOREAccording to CISOs interviewed at the 2020 RSA Conference, supply chain attacks are the most dangerous threats following ransomware. IBM Security’s recent report [1] emphasizes third-party involvement (a.k.a supply chain) as an amplifying factor to the overall cost of a breach, increasing the dollar amount by more than $200,000. Let’s admit, supply chain security…
LEARN MOREConducting a due diligence process for vendors or third-parties can be cumbersome in today’s digital environment. Unfortunately, these entities are the weakest elements of a digital ecosystem. Regardless of a company’s size or sector, business leaders should take on a rigorous vendor due diligence process, with a proactive defense mindset. According to IBM’s Cost of…
LEARN MOREThe Shared Assessments Third Party Risk Management Toolkit was built by member practitioners, for practitioners. Leveraging diverse industry experience and relationship perspective, the toolkit embodies a “Trust, but Verify” approach based on vetted, standardised methodology. Shared Assessments’ updated 2021 Third Party Risk Management (TPRM) Toolkit is responsive to recent events. A global pandemic, shutdowns…
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