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.