Building Effective Partnerships with Third Parties & the Business: Why Current TPRM Approaches Are Failing & What Can We Do About It
Start Time:
3:00 PM
End Time:
3:50 PM
Track 1: Cultivating Sustainable Partnerships
SESSION DESCRIPTION
The way TPRM programs are being managed now have not changed in the past 10 years. There is a wide consensus that current practices are mainly about compliance versus actual risk management and that they are failing to provide actionable insights for the business and the third parties to act on... This leaves organizations unprepared to effectively address third party risk. In this session we will make the case for fundamentally changing TPRM with the goal of having a shot at actually managing third party risk
SPEAKER(S)
Nick Sanna
President and Founder | FAIR Institute
Nick is the President and Founder of the FAIR Institute, a research-driven not-for-profit organization dedicated to advancing the discipline of cyber and operational risk management through education, standards and collaboration. The FAIR Institute counts 16,000 members, with representation from 50% of the Fortune 1000. The Institute has been recognized by SC Media as one of the 3 most influential industry organizations of the last 30 years.