Risk Management Blog and Articles

February 13, 2020

How does CCPA impact Third-Party Risk Management?

On January 1, 2020 the California Consumer Privacy Act (CCPA) of 2018 came into effect. Although it impacts thousands of businesses across the country, with stiff financial penalties, many business leaders are still unsure about what it means. This blog looks at some key points of the law and its impact on third-party risk management.
February 7, 2020

Take-Two Case Study: Assessments Take a Week Less with ThirdPartyTrust

Learn how Take-Two overcame its third-party risk management challenges with the ThirdPartyTrust platform.
January 28, 2020

Data Privacy Day: 3 ways to keep third-party data exposure under control

January 28 is Data Privacy Day, an international effort to empower users and encourage businesses to ‘respect privacy, safeguard data and enable trust.’ In an increasingly data-driven world, you need to make sure your company is going the extra mile to protect your customers and users. That means keeping an eye on your third-parties that might have access to Personal Identifiable Information (PII).
January 23, 2020

Risk Management Dashboard and KRI Examples

Learn how a third party vendor risk dashboard provides insights to understand your risk environment and make data-driven decisions for TPRM.
January 16, 2020

7 Questions for a Vendor Risk Assessment

Third party risks continue to be a serious cybersecurity threat, so properly assessing a vendor is paramount to any risk management strategy. According to Gartner, 71% of organizations reported their network contains more vendors than it did three years before. This number is expected to grow even larger in the next few years.
January 9, 2020

Vendor Inherent Risk and What it Means to Your Third Party Risk Management

Inherent risk takes into account how a company is using their third-parties and what risk do they pose to the organization. Here's how to calculate it.
December 13, 2019

Designing your Third-Party Risk Management program: key essentials

ThirdPartyTrust COO shares some key points you need to take into consideration when creating a framework for your third-party risk management program.
September 10, 2019

LS-ISAO Annual Member Gathering: A collaborative approach to Vendor Risk

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.
October 10, 2018

Experts share important metrics for assessing vendor risk

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.