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Mitigating Third-Party Risk – Best Practices And Strategies For Enhanced Security In The Digital Age

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Written by: CDO Magazine Bureau

Updated 7:34 PM UTC, Tue September 26, 2023

In today’s interconnected business landscape, third-party relationships are essential for organizations across every industry. However, these critical partnerships also bring with them a host of potential risks that can threaten the security, privacy, and compliance of your organization.

To effectively mitigate these risks and protect your business, it is crucial to implement a comprehensive third-party risk management program that includes regular assessments, due diligence, monitoring, and remediation strategies.

This presentation will provide a deep dive into the latest best practices and strategies for mitigating third-party risk, including how to identify and assess potential threats, manage relationships with vendors and suppliers, and protect your organization from data breaches, cyber-attacks, and other security risks.

Specific topics covered will include risk identification and assessment, vendor selection and management, contract negotiation and enforcement, security monitoring and incident response, compliance management, and more.

Come away with a comprehensive understanding of the key concepts, tools, and techniques required to build a robust third-party risk management program that safeguards their organization’s digital assets and enables them to pursue new opportunities with confidence.

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