Vendor Risk Management in the Modern Economy


July 28, 2021
01:00 pm - 02:00 pm ET

About the Webinar

Organizations are becoming increasingly reliant on external parties to manage parts of their business, including their critical and sensitive data. While the specialized expertise and economies of scale that third parties and technologies provide enable organizations to focus on their core services, they also introduce risk for cybersecurity, compliance with data privacy laws, and other legal or reputational harm.  It is critical for organizations to develop transparent, scalable, and defensible Vendor Risk Management (VRM) processes for conducting due diligence and managing risks throughout the entire vendor lifecycle from initial needs assessment to engagement through off-boarding.

During this webinar, our subject matter experts will share their insights on how to best navigate vendor risk management in the modern economy.

For organizations just starting to develop a VRM program:

  • Recognizing common VRM challenges
  • Developing a Target Operating Model
  • Assessing maturity and an example framework

For organizations looking to further mature their VRM program:

  • Leveraging and optimizing the use of technology tools
  • Increasing collaboration across teams
  • Using third-party risk rating services

Forward-looking topics:

  • Emerging cybersecurity risks
  • Managing impacts of the Schrems II decision