Realigned Your Vendor Management Program Lately? The Effects and Benefits of a Global Paradigm Shift
As a company that specializes in 3rd Party Risk Management education & training, automated solutions, and consulting, we witnessed the pandemic cause many institutions to scramble to identify their vendors, search for contracts, wonder about their vendors’ capacity and resilience, business continuity plans, and financial viability [...]
Vendor Management Resolution 2021: Don’t Let This Happen To YOU!
December 30, 2020 Mick Kless, CEO A while back, one of our community bank clients selected a new automated vendor management solution from a well-known vendor in the industry. The client and vendor will remain nameless for confidentiality purposes. My direct client contact was the Vendor [...]
The Business Case for Assessing Vendor Performance
The Business Case for Assessing Vendor Performance © Compliance Education Institute While many of us continue to analyze our vendor inventories and our vendors’ Disaster Recovery, Business Continuity and Pandemic Plan plans as we manage through the COVID-19, we should also be scrutinizing contracts for Service [...]
Compliance Education Institute Teams with Fortrex Technologies to Provide Document Assessment Services
New Strategic Partnership Announcement Compliance Education Institute and Fortrex Technologies, LLC partner to deliver comprehensive services May 1, 2019 – Furthering their dedication to provide comprehensive third party risk management (TPRM) services, Compliance Education Institute and Fortrex Technologies, LLC, are pleased to announce our new [...]
NY DFS Cybersecurity Regulation: Are your 3rd Party Controls in Place Before the Hammer Drops?
With the March 1, 2019 deadline looming for complying with NY’s Cybersecurity regulation, the NY DFS must be licking its chops at the prospect of imposing fines. Actually, I’m sure they really hope that all covered entities are up to snuff and have sent in their [...]
3rd Party CryptoCurrency Risk & Controls: Hot Wallets? Cold Wallets? Standards? Insurance?
February 5, 2019 Copyright 2019 Compliance Education Institute If you’re considering or have already taken the plunge into cryptocurrency as an asset or a viable form of payment or value, then you’ve likely engaged a 3rd party as a repository or an exchange. Like any other [...]