Prevalent - Third-Party Risk Management

The Shared Assessments Standard Information Gathering (SIG) questionnaire is a key component in many companies' vendor risk management programs, serving as an industry benchmark for assessing third-party controls across 21 risk domains in four key control areas, including Governance & Risk Management, Information Protection, IT Operations & Business Resilience, and Security Incident & Threat Management. Now that the 2025 update is available, what do you need to know? Join compliance experts Thomas Humphreys and Sophie Pothecary on December 4 as they review key changes and updates to the SIG 2025 questionnaire and how to leverage new mappings to standards and regulations such as NIST CSF 2.0, NIS2, DORA, and more. https://buff.ly/4g2aJod In this webinar, Thomas and Sophie will: ?? Introduce the SIG questionnaire and its risk domains. ? Review the top changes and how it compares to 2024. ?? Demonstrate how to maximize its value for TPRM. ???? Recommend steps your TPRM team should take now. Register now for this webinar to gain an understanding of the pivotal changes to SIG 2025 and learn how to use them to optimize your third-party risk management program. #TPRM #VendorRisk #RiskManagement #SIG

We’re proud to announce our new partnership with Prevalent - Third-Party Risk Management, a leader in Third-Party Risk Management. Together, we aim to set new standards in proactive third-party risk management. This collaboration will help us: ? Strengthen due diligence processes. ? Enhance real-time risk monitoring capabilities. ? Provide more comprehensive insights to empower businesses to make informed decisions. Let’s connect to discuss how we can help you build a secure, resilient, and compliant ecosystems. ?? #Cybersecurity #ThirdPartyRisk #RiskManagement?

Understanding your organization's exposure to inherent and residual risks from vendors, suppliers, and other third parties is essential for a strong TPRM program. Are your vendor risk strategies equipped to address these critical risk areas? Our latest white paper delivers in-depth insights into these risk types and offers practical, expert-driven strategies to strengthen your risk management approach. Download the 11-page guide to: ?? Examine the role of inherent and residual risks in third-party risk management. ?? Gain insights into key regulatory requirements and compliance measures for inherent risks. ?? Discover best practices for assessing and remediating risks posed by third-party vendors. ???? Boost organizational resilience with a proactive approach to risk assessment and management. A clear view of your organization's exposure to inherent and residual risks from vendors, suppliers, and other third parties is essential for a strong TPRM program. #TPRM #VendorRisk #RiskManagement

Understanding your organization's exposure to inherent and residual risks from vendors, suppliers, and other third parties is essential for a strong TPRM program. Are your vendor risk strategies equipped to address these critical risk areas? Our latest white paper delivers in-depth insights into these risk types and offers practical, expert-driven strategies to strengthen your risk management approach. https://buff.ly/4fE9MCN Download the 11-page guide to: ?? Examine the role of inherent and residual risks in third-party risk management. ?? Gain insights into key regulatory requirements and compliance measures for inherent risks. ?? Discover best practices for assessing and remediating risks posed by third-party vendors. ???? Boost organizational resilience with a proactive approach to risk assessment and management. A clear view of your organization's exposure to inherent and residual risks from vendors, suppliers, and other third parties is essential for a strong TPRM program. #TPRM #VendorRisk #RiskManagement

Effectively managing third-party risks is essential for protecting data, safeguarding operations, and maintaining regulatory compliance. However, with a variety of information security frameworks available to choose from - such as NIST, ISO, and others - it can be challenging to select the one that best aligns with your organization's needs. Join compliance expert Thomas Humphreys on November 20 as he explores key considerations for choosing the right TPRM framework. https://buff.ly/3NVym5x In this webinar, Thomas will: ?? Examine the strengths and limitations of several leading information security frameworks. ?? Review how to evaluate common frameworks based on your industry and risk profile. ?? Discuss steps for aligning TPRM practices with broader organizational goals. Whether you're building a TPRM program from scratch or enhancing an existing one, this session will equip you with practical insights to strengthen your approach to third-party risk. #TPRM #VendorRisk #RiskManagement #Compliance

A strong, secure, and efficient offboarding process is as important as other stages of a vendor lifecycle. However, many organizations overlook this step, exposing them to future risks. Proper vendor offboarding is critical to managing risk, particularly since security, procurement, and vendor management teams discontinue vendor oversight when the relationship ends. An incomplete or hastily conducted offboarding process can result in financial losses, regulatory penalties, and reputational damage. Procurement, vendor management, and security teams often view TPRM as an exercise to be conducted before onboarding a new vendor. So, it's no wonder vendor offboarding is an afterthought at many organizations. While nearly 90% of companies track risks from the sourcing and selection phases, fewer than 80% track service-level agreements (SLAs) and offboarding risks later in the relationship lifecycle. While due diligence in vendor sourcing and selection is important, measuring and managing risk extends throughout the relationship with a vendor. This includes managing the end of a relationship with thorough vendor offboarding. A centralized process can help teams automate vendor offboarding, ensure completeness, and mitigate risk effectively. Here are seven best practices to follow during offboarding: ??1. Keep lines of communication open ?? Perform a final review of the contract ?? Settle any outstanding invoices ?? Revoke access to IT infrastructure, data, and physical buildings ??? Review data privacy and information security compliance ?? Update your vendor management database ?? Continuously monitor vendors for potential future risks https://buff.ly/3Yy4Vvr #TPRM #VendorRisk #RiskManagement #Offboarding

The AICPA SOC 2 has become an industry-standard framework that third-party vendors and suppliers can use to supplement a risk assessment. So, how do you interpret and mitigate risks identified in a vendor SOC 2 report in a way that's consistent with your TPRM program? Join Bob Wilkinson on November 13 as he explores the intersection of SOC 2 and TPRM, focusing on how to align SOC 2 audits with your program. https://buff.ly/3AaaQyL Bob will examine: ? The "when" and "why" for using a SOC 2 report as part of a risk assessment. ? Best practices for mapping SOC 2 controls into common vendor risk and security frameworks. ? Tools and techniques for effective vendor risk assessment and monitoring. Register for this webinar to enhance your organization's resilience against third-party risks - and get instant access to our SOC 2 eBook and checklist! #TPRM #VendorRisk #RiskManagement #SOC2

Here's your Friday listen! ?? Prevalent's Alastair Parr joined this week's To The Point Cybersecurity Podcast to discuss TPRM, compliance, AI, and more! Head over to Forcepoint or your favorite podcast app and tune in! https://lnkd.in/gPD_Z8NV #TPRM #VendorRisk #RiskManagement

The EU Digital Operational Resilience Act (DORA) introduced a new regulatory framework designed to strengthen the resilience of financial entities against ICT-related incidents and third-party risks. How prepared is your organization to address DORA requirements with the impending January 2025 compliance date? Join Toro Solutions expert speakers Gareth Stinton and Connor Conlan-Coke, as well as Alastair Parr on November 6 as they delve into DORA's third-party risk management intricacies and offer actionable strategies to ensure compliance and safeguard your organization against ICT risks. https://lnkd.in/gNS7aEBm In this webinar, our experts will share: ?? A comprehensive roadmap to achieving and maintaining compliance with DORA, highlighting key requirements and timelines. ?? Best practices for identifying, assessing, and managing risks associated with third-party vendors and service providers. ?? Insights into the evolving ICT threat landscape and how to defend against them. ?? Real-world case studies showcasing successful DORA TPRM strategies. A well-structured TPRM program puts your organization on a path to DORA compliance. Don't miss this opportunity to stay ahead of emerging threats and regulatory requirements. Register now! #TPRM #VendorRisk #RiskManagement #DORA

Half of the companies that responded to our 2024 Third-Party Risk Management Study still rely on spreadsheets to manage their third-party relationships, leading to gaps in identifying, monitoring, and mitigating risks. Upgrading to an automated TPRM solution can ensure your vendors and suppliers don't introduce unnecessary data breaches or privacy risks – so how do you make a solid financial business case for the right solution? Download our Financial Business Case for a TPRM Solution Template and learn how to make a clear case for this critical investment. https://buff.ly/3BR3L6G Utilize this customizable Word Docx template to: ?? Illustrate the financial ROI for your third-party risk management solution. ?? Outline where cost savings will come from and why the manual process falls short. ? Map out implementation timelines, internal resources needed, and ongoing support expectations. Download the financial business case template today and take the next step toward securing a more efficient, cost-effective risk management future. #TPRM #VendorRisk #RiskManagement