Advancing Business Performance: Align IT Vendor Risk to ERM

Presented by

Scott Roller 3WP; Yo Delmar, MetricStream, Albert Biketi, HPE Security -Data Security, Russell McGuire, Riskonnect

About this talk

Growing exposure to IT risks has made organizations across industries volatile. Recent IT vendor incidents like data and security beaches, violation of privacy guidelines, which caused substantial fines, penalties, brand value, highlight that IT vendor risks are business risks and require focus from the leadership. An immature ITVRM programs limits the insights which are necessary for strengthening vendor relationships and building a robust ERM program. Rather than treating each risk in isolation, organizations need to have an integrated approach to manage risks holistically and in line with their business operations and objectives. With the growing dependency on IT and IT vendors, organizations need to align enterprise and IT VRM objectives to build a resilient framework suitable for today’s environment. During the session, panelists will discuss how organizations can strengthen vendor management in the current landscape and improve business performance. - Causes of Vendor Risks incidents and the impact on the enterprise - Best approach to align IT vendor risk to enterprise risk - Building mature VRM Program - Role of technology in integrating Vendor risk to Enterprise risk management

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