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Organizations across all sectors have long relied on risk ratings or in-house risk management programs to keep track of the security posture across their shared third-party network and identify where there may be vulnerabilities in their vendor ecosystem. However, a growing focus on supply chain security requires a more comprehensive and advanced approach to third-party risk management. In this webinar, Cybersecurity Assurance Manager, Richard Furze of Lloyd’s Bank, will facilitate a highly apt discussion on the need for organizations to evolve their vendor risk management programs and the experience of doing so. This webinar will explore: • What challenges and pitfalls an organization can face utilizing traditional risk management methods or in-house programs • How an organization can go about transitioning their risk management program • How continuous monitoring can improve relationships with suppliers, incident management, and risk remediation • Major lessons learned from the evolution of a third-party risk management program
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