2 min read
5 Third-Party Contract Clauses Financial Institutions Can’t Afford to Miss
Financial institutions continue to strengthen their third-party risk management programs, driven by increased regulatory scrutiny, growing reliance...
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Vendor Management
2 min read
Trust but Verify: Managing your Managed Security Service Provider
Perhaps you outsourced your security monitoring and incident response to a reputable firm years ago, or are considering a change to outsource for the...
2 min read
How to Approach Third Party Reviews
One of the most important processes in cybersecurity for financial institutions today is third-party due diligence. However, it is also one of the...
1 min read
Vendor Data Sharing: Why “Need to Know” Is a Must for Financial Institutions
Vendors play a crucial role in helping financial institutions deliver modern, efficient, and client-focused services. But with every data exchange...
2 min read
Reviewing the New Interagency Third-Party Risk Management Guidance
On June 6th, the Federal Reserve, FDIC, and OCC released new interagency guidance on third-party risk management. The new guidance, based on existing...
1 min read
Outsourcing IT
It’s common practice for financial institutions to outsource some or all of their Information Technology (IT) functions to a Managed Service Provider...
2 min read
What Does it Mean to be a Good Partner?
While the definition of a partner is fairly broad, its principles apply to a very broad spectrum of relationships. In the cybersecurity realm, this...
4 min read
Independent Collaboration Part 1: A Concept for Outsourcing IT in Financial Institutions
It sounds like a total oxymoron: Independent Collaboration. On the Predictive Index, those two words are on opposing ends of the spectrum when it...
3 min read
SolarWinds: 5 Points to Communicate to Your Board
As most SolarWinds investigations have stabilized, it’s a good time to give the full report to your Board of Directors. They’ve hopefully been...
4 min read