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Third-party risk management (TPRM) is a hefty responsibility, with threats and challenges coming from all directions. According to a 2018 study*, 59% of companies surveyed experienced a data breach caused by a third-party. And 22% of respondents admitted they were unaware if they’d even had a third-party data breach in the past 12 months.
So what unknown risks are flying under your radar?
In this webinar, we examine why so many third-party risks remain hidden, and how to find the “unknown unknowns”—the risks you’re not even aware of. You’ll get a framework to help you identify and address the unknown risks so you can build a truly effective TPRM program.
You’ll learn:
- How to get buy-in from stakeholders to push through your TPRM improvement efforts.
- Which untapped data sources can reveal unknown third-party risks.
- A step-by-step approach to uncover, document, and manage unknown risks.
*Ponemon Institute’s “Data Risk in the Third-Party Ecosystem” 2018 study
Chris Murphey – Senior Product Manager, Galvanize
Chris Murphey is an internationally and multi-industry experienced, governance, risk and compliance (GRC) professional specializing in third-party governance. Most notably, he served as the Director of Vendor Risk Management and Director of Financial Compliance for the world’s largest pharmacy benefit manager (a Fortune 22 company) where his operations were built over the HighBond platform. He is currently the senior product manager of third-party risk management solutions at Galvanize, where he drives product strategy to ensure quick time for value for organizations looking to operationalize, mature, and automate their third-party risk processes.
