While third-party risk management today is a standard for any organization, due to the current environment, we are seeing a dynamic shift towards ensuring due diligence reviews are current, risk assessments are completed and the incorporation of real-time monitoring to spot red flags early
ELIZABETHTOWN, K.Y. (PRWEB) April 02, 2020
Venminder, an industry recognized leader of third-party risk management solutions, has announced that registration is open for its highly anticipated three-day Third-Party Risk Management Bootcamp. The event will be held online over three days, April 21-23, with 2-hour sessions each day, and is CPE credit eligible. It’s designed for those responsible for or involved in third-party risk and has been tailored to cover what participants need to know for third-party risk in today’s pandemic world.
“COVID-19 has had a huge impact on the operations of many organizations and their third parties,” said James Hyde, chief executive officer at Venminder. “While third-party risk management today is a standard for any organization, due to the current environment, we are seeing a dynamic shift towards ensuring due diligence reviews are current, risk assessments are completed and the incorporation of real-time monitoring to spot red flags early, all to ensure that third parties can continue to meet the business needs of their customers. While third-party risk management is already highly regulated throughout many industries, in light of the current pandemic, the regulators will be closely watching to see just how well-run and comprehensive everyone’s third-party risk programs really are – the current environment is putting many programs through a real-life test. This particular bootcamp has good timing as no travel is needed since it’s offered online and is a great opportunity to learn from our eight industry experts on what is expected of your organization.”
Third-party risk management is all about planning and preparedness to react. Participants of this online bootcamp will be able to quickly get up-to-date and learn from eight industry experts covering topics like how to review a pandemic plan, vendor due diligence and oversight, vendor cybersecurity preparedness and remote working considerations, what to look out for in SOC reports, what procedures your vendor needs to have to handle a business impacting event and how to ensure that they've taken precaution and tested their BCP/DR plans, red flags to watch out for in vendor financials and how contract SLAs are more important than ever during these challenging times.
For more information or to register for the complimentary event and secure a spot, click here.
Venminder is an industry recognized leader of third-party risk management solutions. Dedicated to third-party risk, the company is the go-to partner for software, high-quality assessments on vendor controls, certified subject-matter expertise and education. Venminder’s platform provides a centralized location to execute a third-party risk management program. It enables users to store documentation, onboard a vendor, track contracts, manage SLAs, send and manage questionnaires, manage due diligence and oversight, complete risk assessments, create workflows, run reporting and more. Assessments performed by Venminder’s qualified experts, including CISSPs, CPAs, financial risk analysts, paralegals and more, are readily available in an online library. The assessments enable clients to identify possible risks and understand areas of strengths on their vendors information security and privacy standards, SOC reports, financial viability, business continuity/disaster recovery preparedness, contractual standards, regulatory compliance and more. For more information, visit http://www.venminder.com.