#Supplychain Archives - Page 10 of 12

ERiSA Plan Sponsors Need to Verify That All Service Providers and Vendors Meet DOL Cybersecurity Guidelines

June 26, 2026July 25, 2022 by Thomas Canova

The Department of Labor’s (DOL) release of cybersecurity best practices for plans covered by the Employee Retirement Income Security Act (ERISA) makes it clear that plan sponsors, service providers, and participants share responsibility for protecting plan accounts. The guidance, which includes tips for hiring service providers, cybersecurity program best practices, and online security tips, provides … 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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