A third-party risk management dashboard is fundamental for understanding the risk environment within an organization and making informed decisions. When presenting to the board, you probably want to show high level KPIs and insights, and explain the overall health of the program. In this blog, we go through 5 key indicators you should monitor in…
DetailsThird-party risks continue to be a serious cybersecurity threat, so properly assessing a third-party is paramount to any risk management strategy. According to Gartner, 71% of organizations reported their network contains more third-parties than it did three years before. This number is expected to grow even larger in the next few years.
ThirdPartyTrust, a network-based third-party risk management platform that allows enterprises and third-parties to simplify third-party risk processes, today announced a $4.45M seed round led by Capital Midwest Fund, a Milwaukee-based venture capital firm and Cultivation Capital, a St. Louis-based venture capital firm. ThirdPartyTrust has raised $5.55M in funding to date.
Companies can have upwards of a thousand third-parties and it is important to be able to differentiate and categorize each one of them. To that end, inherent risk takes into account how a company is using their third-parties and what risk do they pose to the organization. In this blog, we’ll explain how to calculate…
DetailsWhen you are deciding to create a framework for your Third-Party Risk Management Program you need to take the following into consideration:
Reston, VA USA – October 23, 2018 – Global Resilience Federation (GRF) and ThirdPartyTrust today announced a new partnership that provides GRF members the opportunity to peer-source vendor risk management using the ThirdPartyTrust community-oriented platform that advances awareness and minimizes the workload of evaluations.
Last Monday, (9/30) at the LS-ISAO Annual Member Gathering, we had the privilege to help organize a panel about the importance of a legal specific set of controls to help manage your third-party risk management program.
Metrics drive the measure of progress and stand as benchmarks during any assessment, audit or review process. They are the life blood of reporting, but when it comes to vendor risk management, it is not as straight forward as you might think.
ThirdPartyTrust has announced that it has joined the Shared Assessments Program, the member-driven trusted source in third party risk assurance and management. In addition to its membership in the program, ThirdPartyTrust’s platform now supports the Shared Assessments Standard Information Gathering (SIG) questionnaire.
The former CEO of Intel, Brian Kzranich said last month, “Data, I look at it as the new oil. It’s going to change most industries across the board. Oil changed the world in the 1900s. It drove cars, it drove the whole chemical industry,” Krzanich explains.
