Third Party Thursday - July 4, 2024

Happy Fourth of July! This morning, take just a few minutes to catch up on recent third-party risk management articles, resources, community happenings, and more.?

In the news this week, an expert offers helpful tips to navigate third-party sanctions. Effective vendor risk assessments are an essential tool for mitigating third-party risks. Critical third parties are preparing for new regulatory requirements in the EU and UK, including supply chain risk management.

A former third party’s employee accessed and copied an organization’s sensitive records, causing a security incident. Another third-party data breach also caused an organization’s internal data to be posted on a hacking forum. Thousands of websites were compromised in an attack on a third-party library. Read all of this week’s third-party risk management news.?

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Whitepaper: State of Third-Party Risk Management 2024

eBook:?How to Determine Who Your High-Value vs Low-Value Vendors Are

Press Release: Venminder Named Leader in G2 Summer 2024 Grid? Report for Third Party & Supplier Risk Management Software

Blog: Signs Your Third-Party Risk Management Program Needs Independence

Industry Regulations Library: Third-Party Risk Management Industry Regulations Library

Check out the latest discussions in our complimentary online community dedicated to third-party risk professionals. Visit?www.thirdpartythinktank.com to register and sign in.

• SOC Requirements: "What is your organization's requirements on needing/not needing a SOC report? If the vendor doesn't have one, do you require any other type of documentation?" Help Answer >
• Foreign Vendors: "How does your organization handle foreign vendors? Do you ask for additional due diligence documentation? If so, what do you ask for in addition to the standard due diligence?" Help Answer
• Identifying/Categorizing Non-Public Personal Information (NPI)/(NPPI) Risk: "Has anyone identified or categorized different levels of risk when it comes to different types of NPI/NPPI? Can you provide some examples?" Help Answer

Third-Party Risk Management Reports: Right Data, Frequency, & Content

For many, it's a regulatory requirement to report TPRM to your board and senior leadership. It can be a cumbersome task to gather all reports that need to be provided to various departments. In this session, we'll walk you through the basics of TPRM reporting, what should be included, and more.

July 9, 2024 | Basic | 2pm ET | Register Now

Vendor Onboarding: Starting Vendor Relationships Right

The onboarding process is the crucial first step in any vendor relationship, as it sets the foundation for managing the vendor and their risks throughout the partnership. Join us for this informative webinar to learn all about vendor onboarding.

July 11, 2024 | Intermediate | 2pm ET | Register Now

Vendor Exit Strategies and Plans: Managing the Offboarding Process Safely and Effectively

Vendor relationships can end for many reasons. Your organization's needs could have changed and you're looking for a new vendor who better aligns with your strategic goals. Join this session to learn about exit strategies and plans.

July 23, 2024 | Intermediate | 2pm ET?| Register Now

Blog: RiskRecon - Vendor-Based Breach Events Now 32% of Total

Blog:?Contract Logix - Demystifying Contract Tracking Software: A Beginner's Guide

Whitepaper: Quantifind - Vendor Vetting Recommendations: Intelligence Sharing to Expose Adversarial Capital

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