Third Party Risk Management Program Kanban

Ready to use prioritized Third Party Risk Management Program requirements, to:

Partner with the Enterprise Risk Management to define standards and processes and provide subject-matter expertise to oversee vendor information security risk and inform periodic audits of third-party service providers information security and business continuity controls. .

Benefits:

• Embed risk management into existing business processes.
• Ensure that data will not leak and privacy can be protected.
• Start setting up the right systems that will work securely throughout a potential transaction.
• Ensure that staff will handle the information securely.
• Actively limit the business and legal risks related to non compliance with software licences.
• Ensure vendors have implemented security controls to mitigate third party risks.
• Share information with vendors without being their security standard.
• Ensure that enough partners will invest in security so that all the others will follow suit.
• Evaluate the value and impact to the business if compromised.
• Know if information risk practices are making a difference.

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