Strategies to Anticipate and Mitigate Vendor Risks

Threat from vendors is real and damaging. The recent headline-making massive customer privacy and data security breaches, that have affected various industries, emphasize the need for re-evaluating the Vendor risk management program.

As organizations grapple with vast vendor network, they often overlook eminent risks. To enhance their Vendor Risk management program, leading organizations have adopted best practices such as risk based screening and on-boarding, on-going monitoring, improving collaboration with vendors to resolve issues, and structuring contract management. With a well-defined strategy to identify and mitigate vendor risks, organizations can anticipate and resolve issues, thus reducing vendor negligence, penalties and associated costs.

In this webinar our experts will share some of the key strategies to identify and mitigate vendor risks. Join this webinar to:

• Identify the risks in an extended ecosystem
• Understand the significance of a risk based approach to vendor due diligence
• Learn the importance of validating vendors with external data sources
• Understand the role of technology to simplify and strengthen vendor risk management program

Michael 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 23+ 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.