Third Party Risk Management presented at CISOchicago 2014

by Kevin Novak, Jasper Ossentjuk, Albert Belman,

Summary : Companies have embraced outsourcing for good reasons ‰ÛÓ cost benefits, specialization of service providers, ability to focus on core business ‰ÛÓ but the expansion of third party risk and third party networks creates additional exposure points to cyber threats and other risks. Regulatory scrutiny is intensifying with real consequences. Forward-thinking firms are doing more than just addressing compliance, they are using third party risk managment as a strategic tool. This discussion will focus on how companies are using it as a strategic tool to provide high-assurance third party networks.