1. Assessing Vendor Cybersecurity Risks: Which Approach Is Best?

Assessing Vendor Cybersecurity Risks: Which Approach Is Best?

$299.00
Gary Deutsch, CPA, MBA, will reveal the potential use cases for some of the more popular assessment methods. You will learn how to most effectively identify and eliminate cybersecurity risks among your institution’s vendors.
Event ID: 2167669
Not for Sale
Date: Tuesday, February 25, 2020; 12 PM Eastern
Duration: Scheduled for 90 minutes including question and answer period.
Presenter(s): Gary Deutsch, CPA, president, BRT Publications, LLC
Credits: 1.5 NASBA (Management Services)

Assessing Vendor Cybersecurity Risks: Which Approach Is Best?

Outsourced vendors expose your institution and your customers to data breaches. Regardless of how well you protect data internally, the cybersecurity shortcomings of partners can subject your organization to fraud, theft, litigation, and negative publicity.

To protect against outsourced risks, institutions have relied on SOC 2 reports to provide insight into cybersecurity controls that vendors have in place. There are now more alternatives to SOC 2 reports that address vendor cybersecurity risks. For instance, the Shared Assessments Organization has a Standard Information Gathering (SIG) questionnaire that is being used as an alternative to the SOC 2 report.

  • Understand how the purpose for vendor cybersecurity risk assessments impacts the method used to conduct the assessment
  • Methods for deciding which assessment programs to request from a vendor if the vendor has not engaged a CPA to prepare a SOC 2 report
  • Considerations for vendors that only agree to have a SOC 2 Type I report prepared
  • What popular alternative cybersecurity assessment programs to consider and why

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