The Rising Importance of Holistic Third-Party Risk Management
An Acuity Risk webinar in collaboration with IRM
Available on-demand until 31st December 2021

Third-party/vendor risk management is essential to ensure that vendors do not become the weak link in your security chain. However, gaining visibility into supply chain risks is very difficult and organizations often rely on control self-assessment questionnaires in the belief that compliance with a standard or policy minimizes risk.

Furthermore, the threat of exposure from vendors/third parties has continued to grow, especially during the pandemic. This has been on the upswing for several years, but 27 percent of respondents to an early 2021 Deloitte survey said they had a "high-impact third-party risk incident".

Organizations should take a more objective, holistic and dynamic approach to third-party/vendor risk management. By monitoring what happens in practice, organizations can gain greater insights into vendor risk and in turn manage business exposure down to acceptable levels.

Join Acuity in partnership with the Institute of Risk Management to learn how, by maintaining a well-architected risk model you can easily create an always-on, holistic and accurate view of your supply chain and the vendors that represent the highest risk to your business.

Speaker Details:

Simon Marvell is a Founder and CEO of Acuity Risk Management. Acuity is Simon’s second venture in risk management and cyber security, having also co-founded Insight Consulting, the UK’s first specialist information security services firm which he led through 13 years of profitable growth before selling to Siemens plc in 2004. As well as providing leadership to consulting and technology businesses, Simon has advised clients across all major business sectors on integrated risk management and channels that experience into Acuity’s award-winning STREAM Integrated Risk Manager platform.

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