Measuring the Financial Impact of a Third-Party Assessment

Modern enterprises are no longer defined by brick and mortar. Instead, they are complex webs of third-parties that require continuous assessments to address the potential risks inherent in such relationships. The problem is, manual, reactive and ad hoc processes to assess third parties lead to increased costs and greater risk exposure. It’s clear that organizations need a more streamlined and automated approach to third-party assessments. This webinar will deliver a new approach to building a business case for improving efficiency and reducing cost by automating third-party risk assessments.

Attendees will learn:

• How much time and money can be saved through third-party assessment automation
• Quantitative and qualitative benefits delivered through automation
• What categories to measure in calculating the value of a third-party assessment
• How to calculate risk exposure with a practical exercise in data breach risk reduction as an example
• How to write a business case for third-party assessment automation

Join this webinar and gain a financial risk-reduction model for automating third-party assessments.

The GRC 20/20 Speaker

GRC 20/20 ResearchMichael Rasmussen – 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 27+ 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.

Webinar Sponsor

Prevalent is helping global organizations manage and monitor the security threats and risks associated with third and fourth party vendors. Prevalent introduced a unified platform for Third Party Risk Management and vendor evidence sharing portal that enables collaboration between both enterprises and vendors.