Understanding Vendor Risk Management (VRM) As organizations continue to expand and engage with more third parties to scale their operations, risk and security leaders are faced with the challenge of ensuring that these vendors align with their risk appetite. However, a concerning statistic reveals that 79% of businesses are adopting […]
Risk Management
A Comprehensive Guide to Conducting Risk Assessments within ISO 27001:2022
Methodologies for Conducting Risk Assessments When it comes to conducting risk assessments within the context of ISO 27001:2022, organizations have several methodologies to choose from. One commonly used approach is the quantitative risk assessment method, which assigns numerical values to the probability and impact of identified risks. This method allows […]
Harmonizing ISO Compliance with Third-Party Risk Reduction
When it comes to managing risk in today’s interconnected business landscape, organizations must not only focus on their internal processes but also on the risks associated with their third-party relationships. This is where harmonizing ISO compliance with third-party risk reduction becomes crucial. Expand your TPRM knowledge and capabilities with in-depth […]
ISO Standards as a Beacon in Managing Third-Party Risks
When it comes to managing third-party risks, organizations face a multitude of challenges. From data breaches to compliance issues, the potential risks associated with working with external vendors and partners are vast. However, there is a guiding light that can help organizations navigate these treacherous waters – ISO standards. Expand […]
Beyond Compliance: Leveraging ISO for Enhanced Third-Party Risk Management
In today’s interconnected business landscape, organizations rely heavily on third-party vendors and suppliers to support their operations and deliver products and services. While these partnerships offer numerous benefits, they also introduce a significant level of risk. A breach or failure in a third-party’s security or operations can have severe consequences […]
Building Bridges: ISO Standards and Third-Party Risk Mitigation Strategies
In today’s interconnected world, businesses rely heavily on third-party vendors and suppliers to deliver products and services. While these partnerships offer numerous benefits, they also introduce a significant amount of risk. A breach or failure on the part of a third-party can have severe consequences for an organization, including financial […]