Third Party Risk Management: How Companies Are Ensuring Business & Cyber Resilience
Join us for the next ACP CT Chapter Meeting on March 12 from 11:30 a.m. to 2:00 p.m. at Eversource in Berlin, CT. This meeting is FREE for members and first-time guests, and includes lunch. For more information and to register online visit ... https://www.surveymonkey.com/r/R29D93V HIGHLIGHTS:
Today a high percentage of companies – as high as 90% – rely on third parties to some degree to power their operations. The evolution of third-party services offers plenty of opportunities and rewards – as well as some sort of risk.
Presenters will cover: the latest “cross industry” trends on how companies are trying to ensure resiliency by their third parties; a robust Third Party Risk Management Program framework for managing cybersecurity and business continuity risk; how to identify and mitigate these risks and leverage inherent risk assessments; and practical methods for determining the nature, timing and extent of ongoing monitoring as well as for conducting due diligence.
What level of "assurance" is actually possible from third parties? Companies can never be 100% resilient; however, they can be more aware of risks and much better prepared to minimize or stop the impact of a situation with a third party from becoming a crisis.
This presentation will be very informative for business owners and managers, business continuity and operational risk professionals, students - and others concerned with ensuring business resilience. Attendees can expect to takeaway aspects from this presentation that can help their organization to achieve one of its top priorities – ensuring commitments can be met in the face of disruptive events, regardless of point of failure.