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Strengthening Cyber Resilience: Navigating Third-Party Risk Management

Presented by

Colin Whittaker with Jared Siddle, Protecht; Shane Hasert, ProcessUnity; Charlie Jones, ReversingLabs; and Steve Tobias, RiskRecon

About this talk

In today's hyper connected digital landscape, organizations are heavily reliant on third-party partnerships to drive business growth and innovation. However, this dependency comes with significant risks. According to Gartner, breaches involving third parties cost 40% more than internal breaches, highlighting the critical need for robust Third-Party Risk Management (TPRM). On this webinar we will explore the essentials of developing a cyber resilience strategy that balances trust and risk mitigation with business objectives. By leveraging TPRM, organizations can effectively reduce, share, or transfer risks associated with third-party engagements, securing their operations and maintaining stakeholder confidence. Attendees will gain insights into: - The impact of third-party breaches on organizational cyber resilience. - How to conduct comprehensive risk assessments and due diligence for third-party vendors. - Best practices for onboarding and monitoring third-party relationships, including regulatory compliance. - The role of technology and automation in strengthening Third-Party Risk Management strategies.
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