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Third Party Risk Management

Techniques and Strategies to Protect Your Business

Learn how to implement a comprehensive Third Party Risk programme which complies with regulation and is aligned with business goals.
    EAN: 9780749483531
    Edition: 0
    288 pages
      About the book
      Table of contents

    About the book

    Global third party ecosystems are now an important source of competitive advantage for businesses, but with advances in technology and an increasing reliance on vendors, organizations expose themselves to new risks. Ignorance is no excuse; failure to properly assess these third party risks can result in operational and reputational damage, fall in market value or even huge fines from regulators. Third Party Risk Management is a practical, step-by-step guide to building a comprehensive third party risk management programme, from creating a full vendor inventory, risk ranking, onsite visits, audit requirements, and reporting the results.

    Third Party Risk Management also covers the strategic considerations of successfully communicating a new programme, including corporate risk appetite, alignment with business goals, and the importance of executive management support. With expert advice on software-aided third party assessments, continuous monitoring, cyber threats, and other recent challenges and innovations, this book is essential reading to manage and minimize third party risk in any organization.

    About the authors

    Shawn H. Malone

    Shawn H. Malone is Founder and CEO of Security Diligence, LLC (Reading, USA) a consulting and advisory services company focused on Cybersecurity and Third Party Risk. A technology and business executive with three decades of experience in business security and technology risk, Mr. Malone has developed third party security risk programs within the Financial Services and Insurance industries. As a longtime supporter of the Shared Assessments Program, he led the development and release of the industry leading Certified Third Party Risk Professional (CTPRP) designation. He holds the CISSP, CIPP/US and CTPRP certifications.

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