Expert Strategies for Managing Vendor Risk and Data Protection

Our latest episode of Oyster Stew features industry veterans Dan Garrett, Jeff Wilk and Tim Buckler, who share their insights into the complexities of vendor risk and data protection.  Discover how to protect client data amid the vulnerabilities brought by new vendors and implementing a robust strategy to ensure operational continuity and resilience.

 In this informative podcast, you’ll learn:

• the importance of using structured processes like detailed scorecards and questionnaires to align with security, compliance, and operational standards like GDPR and CCPA
• the critical role of data access controls, encryption standards and maintaining ownership of your data
• the importance of securing sensitive data, even when outsourcing your operations
• how to evaluate vendor capacity using a "trust, but verify" approach 
• the necessity of negotiating strong Service Level Agreements (SLAs) to ensure vendor accountability, especially concerning Personally Identifiable Information (PII) 

Equip your organization with the tools needed for success in vendor risk management. By incorporating recognized cybersecurity frameworks such as NIST and ISO into vendor contracts, your firm can stay ahead of emerging risks, including challenges posed by advancements in AI technology. Join us for essential insights that will arm your organization against the complexities of the digital world.

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