VRM Archives - Page 7 of 14

The Critical Need for Expanding Third-Party Vendor Risk Management in Healthcare

November 11, 2022 by Thomas Canova

In this regulatory and security centric healthcare environment, Hospital networks and healthcare providers are becoming more scrutinized than ever by government regulators about how organizations manage and evaluate risks of the vendors, suppliers and contractors in their supply chain. Understanding how these regulations connect to third-party vendor risk is paramount to ensuring compliance, but also … Read more

Strategies to Minimize Organizational Third-Party Vendor Risks

September 22, 2022September 22, 2022 by Thomas Canova

Organizations across most market segments are becoming increasingly reliant on third-party vendors to support critical business operations across the board to support a wide array of process and functions. It is estimated that over 50% of businesses using third-party vendors have experienced a data breach involving confidential information. Given the current state supply chain’s impact … Read more

FDIC – Proposed Interagency Guidance on Third-Party Relationships: Risk Management

September 8, 2022 by Thomas Canova

The Federal Deposit Insurance Corporation (FDIC), the Board of Governors of the Federal Reserve System (Board), and the Office of the Comptroller of the Currency (OCC) (collectively, the agencies) are seeking comment on proposed guidance on managing risks associated with third-party relationships. The proposed guidance offers a framework of sound risk management principles to assist … Read more

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