Key Steps to Implement Continuous Controls Monitoring for Third Parties

Presented by

Val Manahor, RiskRecon; Bob Ertl, Kiteworks; Chris Strand, Sevco Security; and Gary W. Phipps, ProcessUnity.

About this talk

In today's interconnected business landscape, managing risks associated with third-party relationships has become crucial for organizations across industries. Continuous Controls Monitoring (CCM) offers a proactive approach to monitor and mitigate risks by continuously evaluating controls and compliance measures. Join our expert panel on this CPE webinar and equip yourself with the knowledge and practical guidance needed to implement CCM effectively for third parties, and: • Understand the significance of CCM in the context of third-party risk management: Discover why traditional point-in-time assessments are no longer sufficient and how CCM provides real-time insights into the effectiveness of controls implemented by third parties. • Learn the key steps involved in implementing CCM for third parties: Gain practical knowledge of the step-by-step process required to establish a robust CCM program, including defining control objectives, selecting appropriate monitoring techniques, and setting up an automated monitoring system. • Explore best practices for selecting and assessing third-party controls: Identify the critical factors to consider when evaluating third-party controls and gain insights into effective control assessment methodologies that align with CCM principles. • Discover strategies to enhance third-party risk mitigation through CCM: Explore how CCM enables organizations to identify and address control gaps and non-compliance issues in real time, enhancing risk mitigation efforts and fostering stronger relationships with third parties
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