SYS-CON MEDIA Authors: Ava Smith, Scott Bampton, Elizabeth White, Glenn Rossman, Pat Romanski

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Agiliance to Host Webinar on Operationalizing Third-Party Risk Management in Regulated Environments

Agiliance®, Inc., the Big Data Risk Company™ and leading independent provider of integrated solutions for Operational and Security Risk programs, today announced that it will host a webinar in collaboration with BankInfoSecurity.com on vendor risk management best practices, Thursday, July 31, 2014 at 11:30 AM Eastern Time. Entitled, “How to Tackle Vendor Risk Management: Operationalizing Third-Party Risk Management in Today’s Regulated Environment”, the webinar will offer expert advice from Nate Bedrossian, global head of vendor risk and control at a major international financial institution, and Kevin Barcellos, director of technical alliances at Agiliance.

With many organizations pushing outsourcing to its limits, regulators and standards bodies (e.g., MAS, OCC, BaFin, FCA, FedRAMP, BITS, NERC, NEI, ISO, PCI Security Council, AICPA, and Cloud Security Alliance) are increasingly mandating the use of supplier risk management frameworks. Systems and process failures by third parties can have catastrophic reputational and operational consequences for an organization. Thus, assessing just the top 25 critical vendors is no longer sufficient.

“It is no longer sufficient to simply implement procedures to manage vendors and the risk they may pose to an organization, we now need to also safeguard against third-party related control failures,” said Torsten George, vice president of worldwide marketing and products at Agiliance. “In this webinar we will explore how organizations can fulfill their regulatory mandates and implement an end-to-end risk assessment process that covers everything from on-boarding, contract execution, KPI monitoring to risk mitigation actions.”

Moderated by Tom Field, vice president of editorial at Information Security Media Group, the webinar will provide practical advice on how organizations can leverage enterprise vendor risk management systems such as RiskVision™ to continuously monitor and manage third-party risks (operational, reputational, cyber/cloud) downstream in the supply chain.

This educational webinar will specifically cover:

  • What regulators are requiring in vendor governance, what is driving their actions, and what the future holds.
  • How a top 10 global bank designed a vendor risk management framework and supporting operations/technology capabilities to support tens of thousands of risk owners and hundreds of thousands of supplier services in an increasingly regulated environment.
  • How to implement a highly scalable, end-to-end vendor risk management framework that covers parallel workflows of on-boarding of new vendors, renewing vendor contracts, as well as taking real-time business feeds (e.g., payment, reputational) and business performance into account.
  • Best practices around vendor risk management.

The first broadcast of this webinar is scheduled for July 31, 2014 at 11:30 AM Eastern Time. For more information, additional broadcast dates, and to register, visit http://bit.ly/1rI9JIt.

About Agiliance

Agiliance, the Big Data Risk Company, is the leading independent provider of integrated solutions for Operational and Security Risk programs. Agiliance is automating how Global 2000 companies and government agencies continuously monitor big data for risks across financial, operations, and IT domains to increase operational efficiency and orchestrate incident, threat, and vulnerability actions in real time. RiskVision customers demonstrate automation use cases within 30 days on-demand, and within 60 days on-premise, made possible by a configurable platform and applications, broad library of technology integrations, and vast domain and regulatory content. RiskVision scales with businesses, effectively managing assets, data, people, and processes to achieve 100 percent risk and compliance coverage. Its real-time risk analysis leads to optimized business performance and better investment decisions. For more information, please visit www.agiliance.com.

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