Tag: third-party vendors

Are You and Your Vendors Ready for GDPR?

All may be relatively quiet on the regulatory front in the U.S., but this May new privacy regulations are taking…

3 Reasons Why Cybersecurity Ratings Are a Waste of Money

Investigating a vendor’s cybersecurity can be a time-consuming hassle. Wouldn’t it be nice if you could pay someone else to…

How to Break Up with Your Vendor

There may be 50 ways to leave your lover, but when it comes to ending a relationship with a vendor…

Ticking Time Bomb: Why A Free Vendor Management Checklist Is A Disaster Waiting to Happen

There is temptation in the world of management. With regulatory scrutiny increasing and cost a concern, free vendor management checklists…

Shelved Elves: Santa Ponders the Risks and Rewards of Outsourcing Toy Making

It’s crunch time at the North Pole, and Santa is worried. Despite his elves’ best efforts, he’s not sure they…

Third-Party Vendor Breach Costs Texas Credit Union

A Texas credit union has found itself dealing with the expensive consequences of a third-party vendor breach, it announced to…

“Deficient Vendor Management Practices” Result in $1.5 Million Fine

A Missouri bank is facing a $1.5 million civil money penalty as part of an OCC enforcement action after allegedly…

Déjà vu: Wells Fargo Can’t Stay Out of Trouble

After its account-opening scandal last year, you’d think Wells Fargo would have examined all its policies and procedures to ensure…

Here We Go Again: Vendor Cybersecurity Breaches Keep Wreaking Havoc

Another day, another third-party data breach. Actually, two of them. Earlier this month we learned that data from at least…

STOP! Collaborate Cautiously and Listen- The OCC is Back with New Third-Party Risk Management Guidance

Just in time for your summer beach reading, the OCC has released frequently asked questions based on OCC Bulletin 2013-29,…