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Vendor risk management, or VRM, is a program within an organization that is responsible for identifying and remediating risks associated with vendors. What is a vendor? While sometimes used interchangeably, a vendor is included under the umbrella term “third-party” and most often is a service provider or information technology (IT) supplier. Over the past couple[…]
Risk management programs require a specific approach in order to be truly effective. With threats on the rise, it’s becoming increasingly important to fast-track the development of these programs to keep organizations as secure and resilient as possible. The difference between a mature program and an undeveloped or developing program may seem obvious, but let’s[…]
Dawn Ward, Senior Solution Consultant at Iceberg Networks and Chris Murphey, VP Advisory Services at Iceberg Networks, discuss how the audit team can instill confidence to the executive team that the organization is resilient concerning it’s use of vendors and third-parties. The following is an edited transcript of the conversation. Chris Murphey: Some of the[…]
Dawn Ward, Senior Solution Consultant at Iceberg Networks and Chris Murphey, VP Advisory Services at Iceberg Networks, discuss what the Board of Directors is asking internal audit teams around Nth-party risk. The following is an edited transcript of the conversation. Chris Murphey: The Board is broadening their horizons, just like internal teams are doing, that[…]
Dawn Ward, Senior Solution Consultant at Iceberg Networks and Chris Murphey, VP Advisory Services at Iceberg Networks, discuss how evaluating the Third-Party Risk Management program has evolved for internal auditors. The following is an edited transcript of the conversation. Dawn Ward: Looking at the events that have taken place and stepping away from a piecemeal[…]
Dawn Ward, Senior Solution Consultant at Iceberg Networks and Chris Murphey, VP Advisory Services at Iceberg Networks, discuss how the third-party risk landscape has evolved in the last year. The following is an edited transcript of the conversation. Dawn Ward: The global events have made it very evident how much impact getting third-party risk management[…]
With the pandemic still a present factor in our personal and professional lives, it has shifted the way we work and the way businesses operate—and most of the changes we’ve made to adapt to the situation are likely here to stay. Having made such a sudden and large change to the way we do things,[…]
Recorded on August 11, 2021 11 AM PST / 2 PM EST Organizations are already painfully aware of the consequences of the pandemic on their operations due to supply chain interruption. Gaps have been identified and new regulations are being announced in response to the myriad of disruptions in the last 18 months. Moving forward,[…]
Recorded on March 25th, 2020 2:00 PM EST As organizations integrate digital technology and increasingly introduce third-parties to all areas of their operations, they need to consider how that shift affects their risk management plan. Organizations need to mature their third-party risk management (TPRM) programs to keep up with the growing threats of the digital[…]
