Vendor Risk Management Services Archives

The Importance of Healthcare Organizations Hiring Professional Investigative Background Due Diligence Firms

October 25, 2023 by Thomas Canova

Introduction Healthcare organizations have long been considered the cornerstone of public health and wellness, entrusted with the responsibility of caring for our physical well-being. In fulfilling this crucial role, the industry relies heavily on the competence and integrity of its workforce and critical vendors. However, recent incidents have revealed major flaws in healthcare hiring processes, … Read more

Company Board Members’ Struggle to Grasp Cybersecurity Risks: A Risky Proposition for Businesses

September 18, 2023 by Thomas Canova

In today’s interconnected and technology-driven business ecosystem, cybersecurity is a paramount concern. As organizations continue to digitize their operations and data, the risk of cyberattacks looms large. While many businesses invest heavily in cybersecurity measures, a significant challenge persists—board members frequently struggle to understand cybersecurity risks. This knowledge gap poses a serious threat to businesses, … Read more

The Crucial Role of Continuous and Comprehensive Monitoring in Mitigating Risks from Third-Party Vendors

June 28, 2023June 26, 2023 by Thomas Canova

Vendor Risk Management has wide-ranging implications throughout an organization. The failure of a vendor to meet their obligations can have detrimental effects on a firm’s security, compliance, manufacturing processes, and customer support. While establishing a vendor’s baseline ‘risk’ profile is a fundamental step, continuous vendor monitoring for any changes becomes crucial for security, risk managers, … Read more

Other Pages

Quick Links