Tag: third-party vendors

5 Features Every Vendor Management Software Solution Should Have

When properly constructed, a vendor management software solution is a tool that guides an institution…

10 Steps to a Pain-Free Vendor Management Process

The directive came from on high, and there is no escaping it: You are responsible…

Is Your Third-Party Vendor Contract Specific Enough When It Comes to Cybersecurity?

If you’re assuming your third-party service provider is following cybersecurity best practices because it’s smart…

Vendor Consolidation: What It Means for Vendor Management and Due Diligence

In a world where systems need to be able to communicate, many financial institutions are…

Should You Outsource Vendor Management?

For years, financial institutions have outsourced a variety of activities to third-party vendors creating a…

Two Shocking Contract Management Mistakes That Cost Bankers Their Jobs

You probably think of vendor contract management as something that protects your institution. That’s true,…

FS-ISAC: Third Parties “Still a Big Risk”

Financial institutions need to continue to pay close attention to third-party access points, control objectives,…

First, Second, Third, Fourth and Fifth Parties: How to Measure the Tiers of Risk

Everyone knows that third-party relationships introduce risk. But what about second parties, fourth parties and…

OCC: Third-Party Providers Contribute to ‘Elevated’ Operational Risk

Could a third-party provider be the weak link in your institution’s operations? It’s possible, according…

Notifying Clients of Data Breaches: Which State Law Should We Follow?

Your financial institution is regulated by one state but has an office in another state.…