Building Cyber Resilience to Third-Party Risk Management

Organizations of any size go through various vendors to keep operations running and without proper controls in place, leaves organizations vulnerable to third-party breaches that may result in loss of data, downtime as well as financial losses. While third-party risk management is not a new concept, the risk of cyberattacks today is even greater as companies accelerate their digital capabilities post-pandemic. It is important for organizations today to not only focus on cybersecurity but also cyber resilience, especially in third-party risk management.

Developing a strong cybersecurity defense is crucial and learning how to mitigate and control any risk from vendors is important for business and operational excellence. With this in mind, the Cyber Security Digital Summit: Third Party Risk Management APAC 2022 will focus on:

• Frameworks: Choosing the right third-party risk framework to suit your enterprise risk management strategy as well as best practices
• Risk appetite: Accessing vendors you are exposed to as well as engagement level and their security hygiene
• Leveraging on technologies: To check vendor scorecards and mitigating risk with those with lower grades as well as emerging AI technologies to automate intelligent predictions
• Key stages to third-party risk management: Identification, assessment, categorization, monitoring and compliance
• Cyber resilience: Building cyber resilience with third-party suppliers and adopting a zero-trust approach