#CyberSecurityRisk Archives - Page 13 of 16

New SEC Cybersecurity Reporting Requirements – What Companies Need to Consider

July 20, 2022July 18, 2022 by Thomas Canova

In March of this year, the Securities and Exchange Commission (SEC) proposed a set of rules and amendments that the agency expects will strengthen the financial sector’s defense against cyberattacks. They seek to standardize disclosures and admissions of material cybersecurity incidents and improve visibility into a company’s cybersecurity risk management and governance policies to better inform investors. … Read more

The Essentials of Third-Party Vendor / Supplier Management Programs

July 13, 2022 by Thomas Canova

Vendor Risk Management (VRM), Third-Party Risk Management (TPRM), and Supplier Risk Management (SRM) are programs that companies employ to assess their relationships with third parties or suppliers for potential risk. The most common types of risk a company will want to evaluate for are regulatory, operational, financial and reputational. The purpose and function of VRM, TPRM and SRM are similar: the core process is to identify, assess, monitor and mitigate risk. The slight variations between each program depend on your company’s … Read more

Third-Party Risk Is Becoming a Primary Challenge to Further Reduce the Extended Enterprise Risk

July 5, 2022 by Thomas Canova

Today organizations in all market segments increasingly rely on an assortment of third-party vendors, suppliers, and partners. We are all aware of the continued growth of the extended enterprise – companies relying on a network of third-party vendors to provide them with organizational services, products, and competitive advantage. Over the past few years, the use … Read more

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