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Managing Vendor Risk: The Cybersecurity Perspective  

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training seminars by ComplianceOnline ComplianceOnline   

For:

Any individual responsible for managing risk related to outsourced technology and/or security vendors. Includes, but not limited to: Information security, Information technology,CPAs, Operations, Accounts Payable, Risk management, Risk managers,

Cost:   

see Registration info for seminar cost, group discount etc.

Seminar Summary:

This course offers a unique opportunity for attendees to develop critical risk management skills to apply immediately upon returning to the office. (see full course description)

 

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Training Course Syllabus:


Managing Vendor Risk: The Cybersecurity Perspective

When companies outsource technology and security solutions, the question on everyone’s mind is: When does our liability for a cyber-attack end, and my vendor’s begin?

The answer is not really simple. In most industries, you can contract away a responsibility or task, but not the liability of an attack or the compliance obligations. If your organization was breached today, whose name is going to be in the news? Who are your customers going to call? Who is going to get fined and possibly sued as a result of the breach? The list of questions goes on. At the end of the day, your organization will suffer the negative publicity, the reputation damage, and financial loss of the attack, even if your vendor actually caused your incident. Then there is the other side of the equation – how do you know that your vendor can truly support your organization, perform the tasks you’ve contracted them for, or cover your losses if the breach is their fault?

Complementary Handouts/ Bonus Material for Easy Implementation:

Course materials,
Sample profile matrix,
Critical questions to ask your vendors,
A sample checklist of minimum documentation requirements,
Other valuable resources

What to Bring: The speaker encourages you to bring a highlighter, pen, paper for additional notes, and your questions.

Learning Objectives:

Record unique risks of vendors who support an organizations´ technology and/or security solutions
List the organization´s unique critical vendors
Develop a risk profile for a chosen critical vendor
Inventory appropriate risk management strategies
Assemble a plan for managing vendor risk

Areas Covered:

Defining critical / high risk vendors
Liability
Risk identification
Developing a risk profile
Vendor due diligence before boarding
Ongoing risk management
Critical contract provisions
Evidence of security
Cybersecurity insurance
Guidance / resources

DAY 01(8:30 AM - 4:30 PM)

08.30 AM - 09.00 AM: Registration
9:00 – 9:30: Objectives; introductions; formally establish the agenda (participants identify their unique needs)
9:30 – 10:15:
Liability
Risk related to outsourcing technology and security solutions
Identifying and profiling critical vendors
Individual exercise - Critical vendor assignment
10:15 – 10:30: Break
10:30 – 11:45: Developing a risk profile
11:45 – 12:45: Lunch
12:45 – 2:15:
Risk Management Strategies
Developing appropriate questionnaires
Evidence and documentation
Initial and ongoing due diligence
Details you should know about every critical vendor
2:15 – 2:30: Break
2:30 – 4:00:
Strategies Cont’d
Automating risk management efforts
Using technology to enhance due diligence and risk management
Auditing and documenting findings
Contracts
4:00 – 4:30: Individual exercises

DAY 02(8:30 AM - 11:30 AM)

9:00 – 10:15: Group discussion & Workshop
10:15 – 10:30: Break
10:30 – 11:30:
Challenge – given a specific industry and business need, attendees identify unique risks the vendor presents, develop a risk profile, and document appropriate risk management strategies

Seminar Summary:

This course offers a unique opportunity for attendees to develop critical risk management skills to apply immediately upon returning to the office. (see full course description)

print this agenda print agenda for the Managing Vendor Risk: The Cybersecurity Perspective training seminar

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