How to Identify and Reduce the Risks of 3rd Party Vendors
Recorded: April 12 | 2016 Attend
In a landscape filled with new threats and regulations managing the risks of 3rd party vendors is vitally important. Most financial institutions have tens of thousands of supplier relationships, and many data breaches originate through IT Vendors within the supply chain. Compounding this dilemma, regulators including OIG, OCC, FFIEC and others are increasing their focus on potential 3rd party risks. They want to see organizations proactively identifying potential risks, verifying that business partners providers and their employees are compliant, monitoring for changes that might create new risks or compliance gaps, and managing the investigation and remediation of incidents.