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Study Finds Two Thirds Of Companies Conduct Risk Assessments On Less Than Half Of Vendors

Companies are cutting corners when it comes to third-party due diligence It is no secret that inherent risk assessments are crucial to third-party risk management success, but are they being conducted? During a recent IT GRC webinar, “Automating Your Third-Party Risk Management Program”, attendees were asked how many of their vendors have been given an…

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ICO updates guidance on data protection law in the case of a “No Deal Brexit”

Are you ready for Brexit?  As speculation mounts in the UK as to whether the will be a “No Deal Brexit” the ICO has updated its guidance on the potential impacts to data protection laws and regulation. DVV Solutions strongly advises all its customers and partners to stay up to date with the latest ICO…

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ProcessUnity Recognised as a Leading Provider of Vendor Risk Management in the 14th Annual 2019 IT World Awards®

ProcessUnity Awarded “Best Product in Vendor Risk Management” DVV Solutions are delighted to congratulate our technology partner ProcessUnity following Network Products Guide recognising ProcessUnity’s Vendor Risk Management solution as one of the Best Products in Vendor Risk Management in the 14th Annual 2019 IT World Awards®. These industry and peer recognitions from Network Products Guide…

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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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