News & Analysis as of

Vendors Risk Management

Society of Corporate Compliance and Ethics...

[Virtual Event] ESG and Compliance Conference - November 7th, 8:00 am - 5:00 pm CT

Stay on top of ever-evolving ESG requirements and emerging trends - With the SEC’s newly issued rules surrounding ESG disclosures and the continued growth of regulations rolling out in the EU, Canada, Asia and elsewhere...more

Mitchell, Williams, Selig, Gates & Woodyard,...

Adopting Generative AI? Key Contract Considerations for Healthy Due Diligence

As generative AI continues to be a hot topic in board rooms and an unavoidable reality on the front lines of business, leaders must make informed decisions when choosing AI vendors. The integration of AI into your operations...more

Osano

Vendor Assessments: The What, Why, and How

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Research shows that the average business shares its data with over 730 different vendors. It’s hard enough to mitigate risk within your own organization—how do you mitigate risk from more than 730 external entities?...more

Foley & Lardner LLP

Combatting Supply Chain Cyber Threats: Safeguarding Data and Protecting Digital Supply Chains

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As supply chains have become more digitized and interconnected, they have also become more vulnerable to a range of cyber threats. These threats not only pose risks to the direct operations of companies but also to the...more

Health Care Compliance Association (HCCA)

What's wrong with this company?

I’m not talking about your organization. I’m talking about that company in your vendor master files. A recent report from Moody’s found some downright silly attributes about shell companies. One that jumped out at me was the...more

Pillsbury - Global Sourcing Practice

Old Tricks for the New Dog: Why Traditional Technology Sourcing Best Practice Is Relevant for Cutting-Edge AI

Since the release of OpenAI’s ChatGPT, the intense hype around large language models (LLMs) and complex AI systems has exploded. Organizations have rushed to both try and buy these new tools. Along with it, a flood of...more

Constangy, Brooks, Smith & Prophete, LLP

Take these steps to safeguard against third-party cyber threats

The ever-increasing privacy and security risks via third-party vendors and service providers were apparent in 2023 with news of large organizations such as MOVEit, Okta and AT&T being affected. Research has shown that 98...more

Mitratech Holdings, Inc

5 GRC Trends and Resolutions for a More Secure 2024

Elevate your resilience in the new year by understanding top GRC trends, patterns, and best practices across AI, TPRM, cyber risk, and more. As we step into 2024, technological advancements and an increasingly connected —...more

Balch & Bingham LLP

Joint Cybersecurity Advisory (“CSA”) Issued Regarding IRGC-Affiliated Cyber Threats to Multiple Sectors, including U.S. Water and...

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On December 1, 2023, the Federal Bureau of Investigation (“FBI”), Cybersecurity and Infrastructure Security Agency (“CISA”), National Security Agency (“NSA”), Environmental Protection Agency (“EPA”), and the Israel National...more

Society of Corporate Compliance and Ethics...

[Webinar] Assessing the Privacy Risk Assessment - January 9th, 12:00 pm - 1:30 pm CT

Learning Objectives - Data privacy compliance requires the use of privacy impact assessments and data transfer assessments - What about the value of other assessments like privacy by design, online safety, AI risk,...more

Axinn, Veltrop & Harkrider LLP

The Five Eyes Stare Down Trade Secret Theft

On Sunday evening, CBS's 60 Minutes aired a segment featuring “The Five Eyes” and the critical issue of state-sponsored intellectual property ("IP") and trade secret theft. While geopolitics and national security issues might...more

DRI

[Event] Retail and Hospitality Seminar - November 15th - 17th, Austin, TX

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Join us for the 2023 Retail and Hospitality Litigation Seminar in Austin, Texas—a vibrant and eclectic city with a thriving music scene, a diverse population, and a beautiful downtown with a wide variety of dining and...more

Health Care Compliance Association (HCCA)

[Event] 2024 Managed Care Compliance Conference - January 29th - 30th, Coronado, CA

Explore the unique issues that are pertinent to managed care professionals! This annual event dedicated to compliance management for health plan providers is returning to an in-person format for 2024. Join your peers and...more

Mitratech Holdings, Inc

[Event] Interact 2023 - October 2nd - 5th, New Orleans, LA

Interact is BACK and coming to you live this October from the historic French Quarter of New Orleans! Last year’s event may have been named a finalist for Engage Media's 2022 "Best Brand Experience,” but this year, we’re...more

Trusaic

Is Data Security A Priority for Your Workplace Equity Provider?

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Cyberattacks continue to rise, increasing the need for robust data security. Global weekly attacks rose by 7% during the first quarter of 2023, versus the same quarter last year. Each organization is estimated to face on...more

Foley & Lardner LLP

A Guide to Effective M&A Integration Planning

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When two companies aim to combine, there are countless issues that can arise during the integration stage. As part of any successful merger process, a carefully crafted integration strategy should consider all the potential...more

Sheppard Mullin Richter & Hampton LLP

FDIC, FRB & OCC Issue Final Guidance on Risk Management for Third-Party Relationships

On June 6, the FDIC, FRB & OCC issued final interagency guidance intended to assist their respective supervised banking organizations in identifying and managing risks associated with third-party relationships and in...more

Jackson Lewis P.C.

NYSDFS Fines Lender and Mortgage Servicer $4.25M for Cybersecurity Failures Including Vendor Management

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Yesterday, New York’s Department of Financial Services (“DFS”) announced another enforcement action under the state’s Cybersecurity Requirements for Financial Services Companies, 23 N.Y.C.R.R. Part 500 (“Reg 500”). According...more

Burr & Forman

Checklist for Addressing Data Privacy and Cybersecurity with Your Vendors

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In our last newsletter, we discussed due diligence as it relates to selection of vendors. The second part of that exercise is to negotiate your agreement with the vendor to properly manage any risks you identified. In this...more

Thomas Fox - Compliance Evangelist

Innovation in Compliance - Improving Third - Party Risk Management with Paul Valente

In today’s interconnected world, businesses rely on third-party vendors for various products and services. While these partnerships bring great benefits, they also expose companies to a range of risks, such as cyber threats,...more

Spilman Thomas & Battle, PLLC

Decoded: Technology Law Insights - V 4, Issue 4, April 2023

Tech Vendors and Cybersecurity – Are They Responsible? It has long been recommended that when you contract with a technology vendor that you include an indemnity clause in the contract wherein the vendor will indemnify you...more

Clark Hill PLC

[Webinar] Compliance Strategies for AI/ML Technologies & Automated Tools: What In-House Professionals Need to Know - March 7th,...

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In the age of innovation, many businesses are leveraging AI/ML technologies and automated decision-making tools to advance business objectives, save time and reduce costs. Join us for a panel, which will consolidate the...more

NAVEX

How to Implement, Operate & Mature a Successful IT Vendor Management Function

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Often hidden within the supply chains of businesses, most companies use a variety of vendors daily. Third parties are the cogs that keep a business functioning and growing, from managing employees to selling and packaging...more

Burr & Forman

Cybersecurity Checklist for Vendor Management – Vendor Security

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By now, you have heard many news stories about debilitating cyberattacks that started with the compromise of a vendor's systems and ultimately wreaked havoc on that vendor's customers. As a result, many businesses are seeking...more

StoneTurn

Owners and Contractors Beware – Vendor Risks Can Hurt Your Projects

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Vendor risk has the power to impact an organization’s reputation, ESG (environmental, social, governance) initiatives, and information security. Similarly, vendors can affect a project’s performance due to their financial and...more

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