Live Webinar on Third Party Vendor Risk Assessment for Financial Firms - Rules, Regulations, and Best Practices
OVERVIEW On September 15, 2015, the Office of Compliance Inspections and Examinations (OCIE) issued the 2015 Cybersecurity Examination Initiatives. One of those initiatives relates to how financial firms are conducting duediligence reviews of their Vendors. Many firms are not prepared to conduct this type of due diligence on the firms they partner with. Many of the third party vendors, such as the firm’s CPAs, program providers, and outsourced IT firms may not even realize they are subject to this type of scrutiny from their clients or even understand how to answer their questions. With cyber security and privacy issues being an on-going area of concern for all areas of finance, the vendor risk assessment and preventing vendor fraud will be a focus of regulatory exams as well as a significant business process for years to come. WHY SHOULD YOU ATTEND This training program will examine who are third party vendors and analyze why it is critical to prepare a risk assessment f...