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Register online, by phone (800) 349-1935,or fax (800) 712-5569
Who should attend Critical Vendor Risk Management
Information Security, Information Technology, CPAs, Operations, Accounts Payable, Risk Management / Risk Managers, Business Continuity Management
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Critical Vendor Risk Management  

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Seminar Summary:

This is a fast-paced, highly interactive workshop where attendees will develop a risk profile and risk management strategy using one of their own current or future vendors of choice. (see full course description)

 
 
 

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Training Course Syllabus:


Course Description

When organizations outsource critical functions like technology and security solutions, the question on everyone’s mind is: When does our liability for a data breach 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 related to compromised data. 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?

Vendor risk management and due diligence is something every organization should perform carefully, and there are a number of unique issues when considering the inherent risks associated with outsourced services.

The benefits of outsourcing are attractive for many reasons, but you need to ask yourself: Can you stake your organization’s well-being and financial stability on a vendor? If you answered no, then join us to discover:

Weighing vendor risk and classifying critical / high risk vendors
Imperative questions you need to ask your vendors
Documentation to gather when outsourcing your technology and/or security solutions
The troubles of relying too heavily on cyber insurance
The unique ongoing due diligence needs of outsourced technology and/or security solutions
Critical contract provisions

This course offers a unique opportunity for attendees to develop critical risk management skills to apply immediately upon returning to the office. This is a fast-paced, highly interactive workshop where attendees will develop a risk profile and risk management strategy using one of their own current or future vendors of choice.

In addition to course materials, attendees will receive a sample profile matrix, critical questions to ask your vendors, a sample checklist of minimum documentation requirements and valuable resources.

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

Dress Code: Casual. Be comfortable. You might want to bring a sweater if you tend to get cold easily.

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
Inventory appropriate risk management strategies
Assemble a plan for managing vendor risk

Areas Covered:

Weighing vendor risk and classifying critical / high risk vendors
Imperative questions you need to ask your vendors
Documentation to gather when outsourcing your technology and/or security solutions
The troubles of relying too heavily on cyber insurance
The unique ongoing due diligence needs of outsourced technology and/or security solutions
Critical contract provisions

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

  • Registration Process: 8:30 AM – 9:00 AM
  • 09:00 am – 09:30 am: Objectives; introductions; formally establish the agenda with attendee input
  • 09:30 am – 10:15 am: Vendor Risk
  • 10:15 am – 10:30 am: Break
  • 10:30 am – 11:45 am: Risk Management Strategies
  • 11:45 am – 12:45 pm: Lunch
  • 12:45 pm – 02:15 pm: Risk Management Strategies Cont’d
  • 02:15 pm – 02:30 pm: Break
  • 02:30 pm – 03:30 pm: Strategies Cont’d
  • 03:30 pm – 04:00 pm: Q&A and Wrap-up
  • DAY 02(9:00 AM - 11:30 PM)

  • 09:00 am – 10:15 am: Risk Management Strategies Cont’d and Group Exercise
  • 10:15 am – 10:30 am: Break
  • 10:30 am – 11:00 am: Group Exercise Cont’d
  • 11:00 am - 11:30 am: Final Q&A, Wrap-up
  • Seminar Summary:

    This is a fast-paced, highly interactive workshop where attendees will develop a risk profile and risk management strategy using one of their own current or future vendors of choice. (see full course description)

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