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Risk Management in the Vendor Relationship Life Cycle: Part 2 – Monitoring

RISK MANAGEMENT IN THE VENDOR RELATIONSHIP LIFE CYCLE: PART 2 – MONITORING

Cost Free
Presentation Length 1.0 hour

Recorded DateAugust 30, 2023
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaManagement Services
Course LevelBasic
Course Description

This session is the second in a three-part webinar series on risk management through the life cycle of the vendor relationship.

Often organizations conduct due diligence when onboarding a third party (e.g., vendor, supplier, service provider, consultant) yet fail to monitor security throughout the entire life cycle of the relationship. Ongoing monitoring is critical to protect your dynamic organization as there is constant change in regulations, risk, internal business processes, employees, and technology. Likewise, third parties are constantly changing. Are your third parties current with controls and processes? What might have been a good relationship a year or two ago may not be a fit today. 

Businesses also face increased risk as their third-party network grows. Previously, it was predominantly IT vendors that posed an information security risk; however, in today’s interconnected digital economy, even the smart microwave in your breakroom is a potential threat. Join this webinar and learn about the five necessities of ongoing monitoring: 1) ongoing/continuous due diligence, 2) periodic attestations, 3) reputation monitoring, 4) issue reporting and management, and 5) audits and onsite inspections.

Learning Objectives:


  • Identify how to protect your dynamic organization as it undergoes changes in regulations, risk, internal business processes, employees, and technology

  • Recognize how today’s interconnected digital economy increases the risk for businesses

  • List the five necessities of ongoing monitoring


Review Part 1 of this series HERE

Register for Part 3 of this series HERE

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
Linkedin

Michael Rasmussen

GRC 20/20 Research
Pundit & Analyst
mkras@grc2020.com
(888) 365-4560

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The GRC Pundit @ GRC 20/20 Research, Michael Rasmussen is an internationally recognized pundit on governance, risk management, and compliance (GRC) – with specific expertise on the topics of GRC strategy, process, information, and technology architectures and solutions. With 30+ years of experience, Michael helps organizations improve GRC processes, design and implement GRC architectures and select solutions that are effective, efficient, and agile. He is a sought-after keynote speaker, author, and advisor and is noted as the “Father of GRC” – being the first to define and model the GRC market in February 2002 while at Forrester Research, Inc.

About Our Sponsor

Quantivate
Quantivate is a provider of web-based governance, risk, and compliance (GRC) technology and service solutions to organizations both large and small nationwide. Founded in 2005 with the release of its Business Continuity Software, the company has grown to feature a full suite of solutions for GRC management, including Business Continuity, Vendor Management, Enterprise Risk Management, IT Risk Management, Internal Audit, Compliance Management, Complaint Management, and Policy & Document Management.