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Third-Party Risk Management & Compliance News

Understanding the SIG Questionnaire and The Importance of Vendor Risk Management

In today's interconnected business ecosystem, organizations increasingly rely on third-party vendors for essential services, from cloud computing and data processing to customer service and supply chain management. The proliferation of these vendor relationships has...

Security Board Budget Cisos Impact Risk
- Learn how CISOs (chief information security officer) can leverage financial metrics to communicate cybersecurity success effectively to the board. Sravish Sridhar, CEO & founder of TrustCloud, discusses key metrics every CISO should track and share with their board to build alignment with leaders and how to calculate them.  For cybersecurity leaders and CISOs, the list of worries that keep them up at night seems endless and only growing longer. While the number one concern will differ from ... [Read More]

Manufacturing Security Supply Industry Third Party Organizations
- Kory Daniels, chief information security officer of Trustwave, outlines several mitigation techniques to combat ransomware, phishing attacks, and third-party risks to ensure a secure manufacturing future. The manufacturing industry weaves through many aspects of our everyday lives, from the vehicles we use on land, air, and sea to the communication technologies that connect us with loved ones and customers worldwide. This makes manufacturing-focused cyberattacks extremely ... [Read More]

Risk Management Risks Residual Risk Security Controls
- You may think you've covered all your bases, but can modern organizations let their guard down in the face of residual risks? Today's corporations face increasingly complex risks, including new challenges that can have far-reaching consequences. Awareness is step one, but managing and mitigating each new type requires proactive and strategic risk management efforts. Residual risk has become even more critical since President Biden signed the Cybersecurity Executive Order . Companies are now ... [Read More]

Governance Framework Nist Lawyers House Rmf
- In-house lawyers are in a unique position to leverage the NIST AI RMF, embedding its principles in their organizations' AI projects. The accelerating pace of AI development has magnified the importance of in-house lawyers in guiding AI governance and risk management. The National Institute of Standards and Technology's AI Risk Management Framework (NIST AI RMF), a landmark document released in January 2023, stands as a critical resource. It diverges from the legally binding EU AI Act by ... [Read More]

- Get details on the CISA Attestation, how to address it, and how Legit can help. In the rapidly evolving cybersecurity landscape, the imperative for robust and standardized security measures has never been more critical. We see this more now than ever as software supply chain attacks continually increase 600-700% year over year . To add some governance to the chaos, the Cybersecurity and Infrastructure Security Agency (CISA) was born in 2018 with the mission to fortify the nation's cyber and ... [Read More]

Passwords Security Management Contractors Access Data
- The Cybersecurity Maturity Model Certification is the Department of Defense cybersecurity compliance and certification program focused on independent assessment of defense contractors against the NIST 800-171 security controls for protecting Controlled Unclassified Information. It builds upon the existing DFARS 252.204-7012 regulations. Access controls and data protection are at the forefront of the model to reduce the risk of cyber threats. The majority of CMMC's current security controls are ... [Read More]

Zwj Cyber Risk Risk Cyber Zwj Pe
- ‍ TL;DR ‍ With cyber events' financial damage soaring, private equity (PE) firms must take a more active approach to cyber risk governance and management to comply with reporting requirements and achieve solid portfolio cyber resilience . A more proactive cybersecurity risk management plan safeguards PE firms' sensitive data, minimizes financial losses , preserves portfolio stability, and fosters proactive resilience against cyber threats. Historically turning towards cyber insurance as ... [Read More]

Compliance Board Risk Leaders Directors Function
- In an era marked by heightened global regulatory scrutiny and enforcement, the landscape of risk and compliance is undergoing an evolution making the strategic imperative for effective, risk-based compliance initiatives clear. From health and safety concerns, third-party risk management, cybersecurity, environmental, social and governance (ESG), bribery and corruption, and many more variable business risks, the risk and compliance function is increasingly involved in critical operations. ... [Read More]


Itsm Processes Service Management Businesses Business
- What is IT service management? Your business probably uses a ton of technology to run your daily operations, from laptops and computers to software programs and accessories. But is all of that tech making you more productive or just confusing your team? Managing all of that tech effectively takes a lot of planning and support. If you have a small business without a huge IT team or the resources to hire one, then you might consider investing in IT Service Management. A lot of business owners ... [Read More]

Npi Part Disposal Data Systems Records
- Recent amendments to the New York Department of Financial Services 23 NYCRR Part 500, which more than a half-decade ago transformed cybersecurity compliance for thousands of insurance, financial services and healthcare organizations, threaten to shake things up again by adding new requirements. Joseph Shepley of Alvarez & Marsal offers guidance to CISOs at covered organizations. The New York Department of Financial Services' 23 NYCRR Part 500 has been a part of the compliance landscape for ... [Read More]

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GDPR and Vendor Risk Management

GDPR and Vendor Risk Management

Navigating GDPR Compliance and Vendor Risk Management In today's digital age, our personal data is being collected, stored, and processed at an unprecedented rate. This has raised a myriad of...

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