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Best Practices for Ongoing Vendor Monitoring

 ”Best Practices for Ongoing Vendor Monitoring”, with speaker Ed Thomas,  the VP of Marketing at the sponsoring company, Process Unity.

What I learned:

  • When it comes to ongoing monitoring, both procurement, and information security are responsible due to their subject matter experts.
  • An organization’s “risk appetite” will change over time
  • Question sets are created with preferred responses to point analysis directly to the potential problems

Overall, as a person who plans to work in analytics, potentially in security, analyzing assessments for a third-party risk team, will be crucial. Hearing Ed go into detail on the importance of analytics in vendor monitoring was beneficial. 

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