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Navigating the Third-Party Risk Landscape: Best Practices for Today’s Businesses
February 19, 2025 @ 1:00 pm – 2:00 pm EST
Description:
Third-party relationships carry key risks that have significant impact on your business operations — an expanding vendor ecosystem, sensitive data sprawl, savvy threat actors, and increased regulatory scrutiny. In regulated industries, courts of law, and the court of public opinion, an organization cannot escape blame. This includes potentially severe repercussions in terms of reputation or financial penalties if a third-party provider fails to perform as contracted or suffers its own unfortunate event or unethical practices. In this high-stakes environment, running a comprehensive third-party risk management (TPRM) program is more important than ever. In this session, we’ll discuss best practices and the trends we’re seeing across industries to help you stay up to speed on the vendor risk landscape.
Learning Objectives:
At the end of this session, attendees will be able to:
- Describe the importance of TPRM and recent drivers of increased third-party risk.
- Outline key components of a comprehensive TPRM program, including how process and technology come together.
- Define effective program governance through all three lines of defense.
- Identify common TPRM pitfalls and challenges.
- Measure their TPRM program’s success.
CPE Credit(s): 1
Field of Study: Information Technology
Instructional Delivery Method: Group Internet Based
Level: Basic
Prerequisite: None
Advanced Preparation: None
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