Optimize Your Third-Party Risk Management Program

Presented by

Eric Smith, CISSP

About this talk

Third Party Risk is a top concern for organizations as external partnerships and technologies become more complex, and cybercriminals become more sophisticated in attacks that exploit the supply chain. Deloitte’s Third-party Risk Management (TPRM) 2021 global survey found that “investments in risk intelligence is a key priority for respondents.” The report further described that evolving TPRM programs "...requires an integrated and technology-enabled platform that coordinates activities across an organization and provides a single, up-to-date picture, rather than inconsistent and out-of-date data from various sources.” Similarly, in Forresters’s 2022 Predictions** they predict “Sixty percent of security incidents will result from issues with third parties. Forrester data reveals that 55% of security pros reported their organization experienced an incident or breach involving supply chain or third-party providers in the past 12 months.” The need for an efficient and effective Third-Party Risk Management solution is clear. This 30-minute webinar will discuss FortifyData’s approach to Third-Party Risk Management and how it can help your organization reduce the cyber risks associated with your third-party vendors, and we will discuss how you can get a more accurate view of their risk exposure. Attendees will learn: • Best practices for evaluating your third-parties • How to incorporate more actionable assessment-based risk and vulnerability information to supplement questionnaire-based information • How to automate and scale third-party risk management • How FortifyData can optimize your third-party risk management program **Predictions 2022: Cybersecurity, Risk and Privacy, Forrester Research, Inc., Oct 28, 2021 *Gaining Ground: A Digital Path to Third-Party Oversight, Deloitte, 2021 https://www2.deloitte.com/content/dam/Deloitte/global/Documents/Risk/gx-global-tprm-survey-report-2021.pdf

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