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Managing Vendor Risk: The Cybersecurity Perspective

ComplianceOnline

Thursday, June 22, 2017 at 8:30 AM - Friday, June 23, 2017 at 11:30 AM (CDT)

Managing Vendor Risk: The Cybersecurity Perspective

Ticket Information

Ticket Type Sales End Price Fee Quantity
Seminar One Registration (Early Bird Price)   more info Jun 22, 2017 $999.00 $0.00
Seminar One Registration Jun 22, 2017 $1,499.00 $0.00
Seminar One Registration (With 2 Nights Stay) Jun 22, 2017 $1,499.00 $0.00

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Event Details

When companies outsource technology and security solutions, the question on everyone’s mind is: When does our liability for a cyber-attack end, and my vendor’s begin?

The answer is not really simple. In most industries, you can contract away a responsibility or task, but not the liability of an attack or the compliance obligations. If your organization was breached today, whose name is going to be in the news? Who are your customers going to call? Who is going to get fined and possibly sued as a result of the breach? The list of questions goes on. At the end of the day, your organization will suffer the negative publicity, the reputation damage, and financial loss of the attack, even if your vendor actually caused your incident. Then there is the other side of the equation – how do you know that your vendor can truly support your organization, perform the tasks you’ve contracted them for, or cover your losses if the breach is their fault?

Vendor risk management and due diligence is something every organization should perform carefully, and there are a number of unique issues when considering the inherent risks associated with technology and security providers.

The benefits of outsourcing are attractive for many reasons, but you need to ask yourself: Can you stake your organization’s well-being and financial stability on a vendor? If you answered no, then join us to discover:

  • Weighing vendor risk and classifying critical / high risk vendors
  • Imperative questions you need to ask your vendors
  • Documentation to gather when outsourcing your technology and/or security solutions
  • The big differences in cyber insurance
  • The unique ongoing due diligence needs of outsourced technology and/or security solutions
  • Critical contract provisions

This course offers a unique opportunity for attendees to develop critical risk management skills to apply immediately upon returning to the office. This is a fast-paced, highly interactive workshop where attendees will develop a risk profile and risk management strategy using one of their own current or future vendors of choice.

 

Complementary Handouts/ Bonus Material for Easy Implementation:

  • Course materials,
  • Sample profile matrix,
  • Critical questions to ask your vendors,
  • A sample checklist of minimum documentation requirements,
  • Other valuable resources.

 

What to Bring: The speaker encourages you to bring a highlighter, pen, paper for additional notes, and your questions.

 

Learning Objectives:

  • Record unique risks of vendors who support an organizations' technology and/or security solutions
  • List the organization's unique critical vendors
  • Develop a risk profile for a chosen critical vendor
  • Inventory appropriate risk management strategies
  • Assemble a plan for managing vendor risk 

 

Areas Covered:

  • Defining critical / high risk vendors
  • Liability
  • Risk identification
  • Developing a risk profile
  • Vendor due diligence before boarding
  • Ongoing risk management
  • Critical contract provisions
  • Evidence of security
  • Cybersecurity insurance
  • Guidance / resources 

 

Who will Benefit:

Any individual responsible for managing risk related to outsourced technology and/or security vendors. Includes, but not limited to:

  • Information security,
  • Information technology,
  • CPAs,
  • Operations,
  • Accounts Payable,
  • Risk management,
  • Risk managers,
  • Business continuity,
  • Top management.

 

Organizations:

  • Financial Institutions (banks, credit unions, etc.)
  • Businesses of any size
  • Non-profits

 

For Registration - http://www.complianceonline.com/cyber-security-vendor-management-due-diligence-risk-management-seminar-training-80467SEM-prdsm?channel=eventbrite

 

Note: Use coupon code < NB5SQH8N > and get 10% off on registration.

Have questions about Managing Vendor Risk: The Cybersecurity Perspective? Contact ComplianceOnline

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When & Where


Minneapolis

Minneapolis, MN

Thursday, June 22, 2017 at 8:30 AM - Friday, June 23, 2017 at 11:30 AM (CDT)


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Organizer

ComplianceOnline

Enhancing global compliance, creating a world where quality and compliance professionals, regulators, and government agencies come together to help the world comply with the intent and the spirit of laws, policies and mandates, ensuring continuous improvement in global operations, quality & safety.

Making sure that we are responsible corporate citizens helping our constituents build a more responsible enterprise, one which operates with high quality , under a code of ethics, and with process discipline to ensure greater shareholder returns.

Keeping things simple and straight forward , so that we all can indeed improve the quality of our processes, our work, our businesses and enhance compliance globally.

Being inclusive, giving the process experts ( & novices! ), compliance professionals, quality champions, and regulatory agencies a voice so that all of us can contribute and make a difference.

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Managing Vendor Risk: The Cybersecurity Perspective
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