Take a Data-First, Questionnaire-Second Approach
Course
Sandeep Bhide challenges traditional third-party risk assessment methods, advocating for a data-first approach that reduces questionnaire burden while improving risk visibility and decision-making in vendor management.
Third-party risk management programs face an unsustainable vulnerability gap as portfolios expand while resources remain flat. Organizations spend 10 to 12 hours per vendor assessment while consuming 6 to 10 hours responding as third parties themselves, creating a questionnaire-centric treadmill that delivers diminishing returns. Major cloud providers refuse to respond entirely, yet standardized control information already exists through global risk exchanges.
The newest risk exchange models are eliminating up to 80% of questionnaire requests by leveraging validated data. In this session, you will learn how to transform your third-party risk management program by incorporating smarter workflows and better data access.
In this session, Sandeep Bhide, vice president of product management at ProcessUnity, will discuss:
- How to instantly perform inherent risk analysis across your entire vendor portfolio;
- How to access assessment data on large, hard-to-assess third parties that don't respond;
- How to monitor 100% of your third-party portfolio not just your critical vendors.
Here is the course outline:
Get Off the Assessment Treadmill: Take a Data-First, Questionnaire-Second Approach |
Completion
The following certificates are awarded when the course is completed:
 |
CPE Credit Certificate |
