As we’ve seen in recent events such as the SolarWinds hack, third-party risk poses a serious threat to business continuity. What the incident also demonstrated is that fourth-party risk, or the risk posed by a contracted vendor’s third parties, can equally threaten data security and operations. Your organisation may have integrated a robust third-party risk management program (TPRM) – but what if keeping an eye on your third parties…
LEARN MOREFrom reports of numerous former employees, Kaseya leaders knew of and failed to address cybersecurity concerns going back to 2017 (Kaseya Failed to Address Security Before the Hack). Unfortunately, as a result, 1500 managed service providers and possibly more, experienced significant disruptions due to the ransomware attack. For those 1500+ companies, the million-dollar, or in…
LEARN MOREESG Risk & Compliance – The Emerging Regulatory Challenge for TPRM Organisations are seeing an ever-increasing risk and impact from localised events that are not only disrupting the resilience of their global supply chains but posing significant risk to the reputation of their businesses. Meanwhile governments and regulators are cranking up the heat with targets…
LEARN MOREThe European Union (EU) will soon launch a new regulation that will require banks and firms in the global financial industry to mature their third-party risk management programs to include set cybersecurity requirements – which will also apply to the critical Information and Communication Technology (ICT) service providers they are working with. The timeframe for…
LEARN MOREResilience is a watchword for every risk management team and every governing board. Resilience represents the ability of entities to avoid, prevent, adapt, respond to, recover from, and learn from operational disruptions.[i] While ensuring business continuity is a key aspect of business resilience, resilience and continuity are related but are not the same.[ii] Understanding your own organisation’s…
LEARN MOREWhat does a best-practice program for Third-Party Risk Management look like? While every organisation has its own unique risk appetite, there are base requirements, processes and goals that all vendor-risk managers need to incorporate into their initiatives to eliminate as much risk as possible. Replay our latest webinar with ProcessUnity and see how proven TPRM…
LEARN MOREToday, change in the automotive industry is driven by technology. Automakers and parts manufacturers have shifted their engineering focus to connectivity, becoming more strategic with key technology investments. However, automotive companies still fall behind other industries in terms of digital maturity and are struggling to move forward with a digital transformation plan. In a recent…
LEARN MOREAs some of you may know, I have been championing the cause of standards in third-party risk management in the UK for a number of years now. When DVV Solutions originally looked at what standards we should build out our service offering and risk advisory from, there was only one organisation that stood out, and…
LEARN MOREThere’s no “e” in third party risk management (TPRM), but that’s quickly changing thanks to new environmental regulations, rapidly growing clean-energy investments, changing societal norms and other factors that show no sign of waning. TPRM practitioners should take note, as this trend will likely have profound impacts on most aspects of their work. These changes…
LEARN MORELatest Awards Further Validate Market Authority in Third-Party Risk Management DVV Solutions key automation partner ProcessUnity, a leading provider of cloud-based applications for risk and compliance management, today announced that Cyber Defense Magazine recognised ProcessUnity Vendor Risk Management (VRM) in the Cyber Defense Global Awards for 2021. Cyber Defense Magazine awarded ProcessUnity with the Editor’s Choice Award for IT Vendor Risk Management…
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