Vendor Management is connected to every part of your organization, not unlike the circulatory system or the skeleton. These third parties pose one of the largest risks to your financial institution: Are you sure they’re doing the right thing to protect your operation? With each new regulatory issue from GDPR (the EU’s General Data Protection Regulation) to state law notice of breach provisions to new compliance rules, each financial institution needs to understand the impact of their vendors to adequately control the risk. On this timely webinar, you’ll learn about:
- How to work with your vendors to confirm that they’re in compliance so you’re not exposed to risk
- Understanding the landscape of compliance for the new privacy laws, the risk associated with them, and how that all rolls up into your organization’s vendor management program
- The best practices to efficiently manage vendor risk
- What the examiners will be looking for regarding your vendor management program
Just as a healthy body can adapt to both injuries and beneficial exercise, a financial institution that has properly addressed vendor management can withstand shifts in the regulatory landscape. This topic will educate both C-suite and frontline managers on how to effectively address this new realm in data privacy.