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Understanding and addressing “Outsourcing Risk” – responding to the CBoI’s Nov 2018 discussion paper

In November 2018 the Central Bank of Ireland published the discussion paper “Outsourcing” providing findings and Issues for discussion based upon observations derived from their survey of regulated firms and ongoing supervisory engagement, risk assessments and reviews. As the CBoI says themselves “These observations highlight the need to ensure outsourcing risk is a core priority…

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Shared Assessments launches 2019 Third Party Risk Management Toolkit

Shared Assessments has released its updated 2019 Third Party Risk Management Toolkit which serves organizations for vendor risk management, regardless of size and industry. The Toolkit elements help both outsourcers and providers to meet regulatory, consumer and business scrutiny within the constantly evolving landscape of cyber and other security threats and vulnerabilities. Shared Assessment keeps…

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DVV Solutions Achieves First ‘Certified Third Party Risk Assessor’ CTPRA Designation in Europe

CTPRA Accreditation illustrates commitment to delivering world-class TPRM services   DVV Solutions, specialists in Third Party Risk Management, are proud to announce Sean O’Brien, Director, DVV Solutions has become the first Certified Third Party Risk Assessor (CTPRA) in Europe after successfully completing Shared Assessments’ newest accreditation course. The CTPRA course was developed to validate skills…

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Marriott’s Data Breach Underscores Importance of Scrutinising Data Security Policies During M&A

Massive data breach also gives rise to calls for stronger data protection legislation The ever-increasing line of corporate data breaches grew longer last week, as Marriott International disclosed that it had been the latest victim of a massive cyber-attack.  On Friday, November 30th, 2018, Marriott announced the largest data breach in its history that compromised…

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Fear, Uncertainty and Doubt May Be Clouding Cyber Insurance and ERM-Cybersecurity Integration

As cybersecurity programs become more integrated into enterprise risk management (ERM) programs, security professionals grapple with new issues. Rather than relying on fear, uncertainty and doubt (FUD) to fuel their business case for budget increases, cybersecurity leaders are striving to quantify the business impact and probability of cybersecurity events while evaluating new options, including cyber…

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Forrester Ranks Prevalent a Leader in Cybersecurity Risk Ratings Solutions

Prevalent “leads the pack with a third-party risk management platform” DVV Solutions technology partner – Prevalent, Inc, the leader in third party risk management – has been recognised by Forrester as a “Leader”  in their latest research report: The Forrester New Wave™: Cybersecurity Risk Ratings Solutions, Q4 2018. The report recognises Prevalent as a Leader…

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DVV Solutions to share INSIGHT into best-practice TPRM for Legal industry at – ILTA 2018 Annual Conference, London

Get Your INSIGHT Into Mature Third Party Risk Management DVV Solutions and Prevalent Inc., leading experts in Third-Party Risk Assessment, have announced they will again be sponsoring the International Legal Technology Association (ILTA) “INSIGHT” 2018 Annual Conference on 14 November 2018. INSIGHT is a one-day conference built around content designed and delivered by local law…

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Connecting Risk and Reward at UK Risk Network

Illustrating the value of a robust TPRM framework for the Financial sector DVV Solutions, specialists in Third Party Risk Management, are proud to announce their sponsorship of UK Risk Network – one of a series of forums for the development of Enterprise Risk strategy development across the European Financial sector. Held at Sopwell House, Hertfordshire,…

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Missing the point? Should cyber insurance cover GDPR fines?

Should cyber insurance cover GDPR fines? I see the interesting debate around whether GDPR fines should be covered within corporate cyber insurance policies has raised its head again. See Law360’s GDPR Fines May Be Uninsurable, Broker Warns and Are GDPR Fines Insurable? UK Watchdog Won’t Say With increasing regulation and scrutiny placed on organisations and…

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Expect the Unexpected: 5 Keys to Managing Third Party GDPR Risk

Expect the Unexpected: 5 Keys to Managing Third Party GDPR Risk As the European Union’s (EU’s) General Data Protection Regulation (GDPR) May 25 effective date approached this spring, its sweeping compliance requirements socked companies with major surprises. The regulation’s global jurisdictional reach, EU-specific definition of “sensitive data,” steep penalties, hefty compliance costs, and applicability to…

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