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Managing ICT third-party risk under DORA regulation

Fusion Risk Management

As organizations begin to determine the impact that DORA has on their specific business, a common thread has emerged: while Information and Communication Technology (ICT) Third-Party Risk Management (TPRM) is its own pillar in the regulation, TPRM touches on all other pillars of the regulation.

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Product’s Perspective: True Risk: Why External Vendor Ratings are Only Half the Picture

LogisManager

Product’s Perspective: True Risk: Why External Vendor Ratings are Only Half the Picture. This collaborative group of developers, designers, lawyers and risk managers uses those insights, along with rigorous R&D, to inform the way LogicManager works. Trend Alert: The Automation of Third Party Risk Management.

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What is Vendor Risk Management (VRM)? The Definitive Guide

Reciprocity

Vendor risk management (VRM), a part of vendor management, is the process of identifying, analyzing, monitoring, and mitigating the risks that third-party vendors might pose to your organization. A growing number of enterprises either have a vendor risk management program or are starting one.

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Customer Value Story: How to Know What You Don’t Know

LogisManager

Topic: Taking a risk-based approach to Contract Management. Managing these changes can be a full-time job, and it’s more important for businesses to rely on third party vendors to help them achieve their goals than ever before. FREE DOWNLOAD: The Dos and Don’ts of Contract Management. Introduction.

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Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC

LogisManager

Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC By Steven Minsky | May 5, 2023 Silicon Valley Bank (SVB) was closed by regulators and reminded us of the recession associated with Lehman Brothers and Washington Mutual Bank in 2008. I predict by next year they too will conclude that it was a failure in risk management.

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The Essentials for Third-Party Risk Management

Castellan

The report points out the growing interconnected risks that now exist between organizations, their vendors, partners, and third parties. While third-party risks have always existed, it became a harsh reality for many organizations when, in 2020, hackers targeted SolarWinds, an information technology company.

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Tips for Managing Third-Party Risk in Health Care

Reciprocity

Third parties generate, manage, or hold this data, resulting in even more severe threats to healthcare organizations and their information security. This is why third-party risk management and healthcare data security are critical. What is Healthcare Vendor Risk Management?