Business today faces the great resignation and migration of employees, and that can be a lot of institutional knowledge about your supply chain leaving. The risk from your vendors grows every day and how do you know which ones are cognizant and which ones are unknowing.
Pam Hamingson, Director of Compliance with Fortrex joins Sean Mahoney to talk about Third Party Risk Management [TPRM] and the growing level of risk your supply chain brings. The increasing number of regulations expect you to know about your vendors and their security practices.
How do you know what data security your vendors do?
What should you do to remain in compliance when they are not?
When regulations change, how fast can you update GRC?
If your vendors are a cyber risk to you, what can you do?
Risk monitoring solutions that are implemented and maintained by regulatory experts and cyber professionals can help you be assured of your compliance and that you have a secure supply chain.