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Webinar: Why third party risk management is a cross organisational responsibility

Join Crossword Cybersecurity and Darkbeam third party risk management experts for a webinar to learn how you overcome internal challenges and create a strong third party risk management (TPRM) programme. Hosted by Crossword's Group Sales Director, Sean Arrowsmith, now available on demand.

According to a report by Kaspersky, third party incidents were the most costly enterprise data breaches in 2021. With examples like Solar Winds, log4j and Acellion making headlines for high profile and devastating cyber attacks, and the increasing frequency in third party data breaches, the need to implement a proper third party risk management (TPRM) framework is critical.

Third party risk can come from any vendor/partner/supplier regardless of their size and any disruption or security breach can halt productivity and have financial, reputational and sometimes legal ramifications that can last for years after the initial attack.

Whilst almost every business in the world relies on third parties to keep their organisation up and running, only about 52% of companies have third party risk management programmes in place. These are often much less robust and not as established as other security functionalities within the business. In our experience some of the major challenges to creating a strong third party risk management framework are organisational buy-in, allocation of people and resource, and lack of overall visibility of supply chain risk.

Watch this webinar to learn how you can overcome internal challenges and create a strong TPRM programme.

This webinar will cover:

  • What is TPRM and how to get started building your framework (step 1: ownership)

  • Who are the key owners of the TPRM function (is it IT or Procurement?)

  • Why TPRM is an organisational responsibility and how to get buy-in at board level

  • Key challenges in managing TPRM

  • What online tools are available to build and manage a TPRM


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