Third-Party Risk Deep Dive: Calculating Inherent Risk

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When building an efficient vendor risk management program, it is critical to prioritize which vendors present the most risk. Knowledge of your third parties’ inherent risks can help increase security and performance and change the way you run your vendor risk management program. In addition, by understanding where to prioritize your time, you can invest resources in assessing and monitoring the third parties that matter most to your business.

Learning Objectives:

• Learn how to develop inherent risk calculations and a scoring methodology
• Learn how to tier your third parties by criticality and high risk
• Learn how to scope and schedule vendor assessments based on inherent risk scores

Speaker:

Ed Thomas, Senior Vice President of Marketing and Sales Operations, ProcessUnity

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