On demand webinars

Navigating the Third-Party Risk Landscape: Best Practices for Today's Businesses

Description

Third-party relationships carry key risks that have significant impact on your business operations — an expanding vendor ecosystem, sensitive data sprawl, savvy threat actors, and increased regulatory scrutiny. In regulated industries, courts of law, and the court of public opinion, an organization cannot escape blame. This includes potentially severe repercussions in terms of reputation or financial penalties if a third-party provider fails to perform as contracted or suffers its own unfortunate event or unethical practices. In this high-stakes environment, running a comprehensive third-party risk management (TPRM) program is more important than ever. In this session, we’ll discuss best practices and the trends we’re seeing across industries to help you stay up to speed on the vendor risk landscape.

About the speakers

Elizabeth O'Connell is an Associate Director in CrossCountry Consulting’s Risk Advisory practice based in the Washington D.C. area. She has a decade of experience assessing, designing, and implementing programs to help organizations prioritize and remediate cyber, privacy, and operational risks. Elizabeth has performed risk and maturity assessments at several global organizations and is consistently recognized for her ability to convey recommendations in an actionable and easy-to-understand manner. She has led transformation of various programs, including third-party risk management, metrics and reporting, data mapping and classification, and first-line privacy operations.

Madison Dreshner, CISA, is a Principal of IT Risk and Compliance solutions at Optro. Madison joined Optro from PwC, where she specialized in external reporting for a wide array of clients, including SOC 1 and 2 reporting, as well as SOX compliance, with the majority of her focus in the financial services segment. Madison has spent the past three years at Optro working with customers across various industries to bring her experience to enhancing their IT risk, compliance, and third-party risk programs.

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