July 21, 2020

Supply chain risk management, or Vendor Risk Management, encompasses the coordinated efforts of an organisation to help identify, monitor, detect and mitigate threats to supply chain continuity and profitability. In many ways, your supply chain system is like the circulatory system of your body. The supply chain is made up of organisations and links between them through which your organisation  produces its services and ensures they find their way to your end

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July 14, 2020

According to recent research from EY, 30% of organisations have experienced a third-party breach in the last two years. That is why Vendor Risk Management (VRM) is now so important for all companies. But why should you look at outsourcing that function rather than doing it yourself? What do we mean by a VRM managed service? A Managed service is the practice of outsourcing the responsibility for maintaining,

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July 7, 2020

Passwords are hard and you are busy, so putting additional layers of security between you and your business systems can feel really annoying, particularly when you are late for that video call and you can’t find your phone to retrieve the pin to access the conferencing system.  But if you or your company has experienced the

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July 3, 2020

You may have already asked yourself ‘How to implement a VRM programme?’ Here you will find out how to implement it quickly. An effective VRM programme must take into account many different factors and risks which can be associated with cybersecurity, commodities, service providers and infrastructure, as well as compliance. Not only is this resource intensive, this process

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June 17, 2020

Privacy is an ever growing priority for managing the risk posture of an organisation. The increase in legislation and regulation globally is a good thing for data subjects, clarifying and enshrining their rights to ensure data is accurate, is destroyed on demand and used only for legitimate purposes (among many advantages).For the organisation holding the

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June 11, 2020

We wrote recently The OSINT approach to Vendor Risk management about how Open Source Intelligence (OSINT) enables a client within a vendor risk management (VRM) programme to identify areas of concern that a vendor/supplier might be asked to explain and therefore represents a key source of intelligence to support a risk management process. However, it is important

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June 11, 2020

Vendor Risk Management is extremely important as we are in an environment where third-party relationships are becoming more complex, supply chains are expanding not just across territories of countries but also across the entire globe. ​Managing risks of all kinds is an important part of building and maintaining a successful business and in today’s world, organisations

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June 4, 2020

There are an increasing number of complex relationships between companies and third parties to whom they outsource services. These can range from outsourcing entire functions, such as tax, legal or IT operations, to relying on a single third-party to perform multiple activities and working with third parties that engage directly with customers.Given this increase in complexity, when outsourcing

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