Master Third-Party Data Management for Robust Security in Financial Institutions
Financial institutions face mounting pressure to fortify data controls and mitigate the risks of data breaches and cyber-attacks, especially in light of the expanding digital landscape and intricate supply chains. It’s imperative to extend these controls beyond internal operations to encompass third-party relationships, considering the critical role these entities play in data management. As organizations grapple with the challenge of tracking data flow and access across an increasingly complex network, effective third-party lifecycle management emerges as a strategic imperative.
Join our webinar as we delve into the realm of third-party risk management, exploring best practices to enhance data security and minimize exposure to breaches. Our discussion will cover the intricacies of mapping third and fourth-party relationships, ensuring alignment with internal data standards, and establishing robust controls throughout the third-party lifecycle. We’ll also examine the importance of comprehensive contract management and ongoing monitoring to uphold regulatory compliance and safeguard sensitive data from potential threats.
Learning Objectives:
- Best practices for comprehensive mapping of third and fourth-party relationships
- Ensuring alignment of third-party data standards with organizational benchmarks
- Strategies for robust contract management and control implementation
- Ongoing monitoring strategies to maintain regulatory compliance throughout the third-party lifecycle.
Speakers:
- Kim LaBarbiera, Director & Counsel — Cybersecurity and Third Party Risk Management Group, at American Express
- Casey L Ryder, Senior Director, Third-Party Risk Management Operations, at Silicon Valley Bank / First Citizens Bank
- Warren Smith (Moderator), Director of Product, at Interos Inc.
