Join us online as PWC's Justin Hall discusses Third Part Risk Management (TPRM).
A leading business trend is to leverage third parties to perform activities on behalf of an organization, which can increase efficiencies, cut costs, lower operational risk, and improve quality across functional areas. It also allows your people to focus on what they do best – executing on your core business objectives. But using vendors can also create additional risks that a company may not be aware of, nor in a position to accept. If your third parties don’t have the proper safeguards and controls in place, or appropriate oversight can’t be provided, you could be exposed to increased information security and privacy risk. To identify and manage these risks without sacrificing the benefits of utilizing vendors, a robust Third Party Risk Management (TPRM) program is critical.
What is TPRM?
The TPRM function manages and monitors risks associated with using third parties. It enables companies to identify and engage vendors who can meet their needs based on contractual and regulatory requirements. At a basic level, an effective TPRM program reduces risk exposure and improves transparency around third party activities. Whether your company needs to enhance its existing TPRM program or build one from the ground up, PwC professionals can provide a comprehensive suite of services for Third Party Risk Management.
Justin Hall, TPRM Manager - CyberSecurity, Privacy and IT Risk Management operates out of PWC's Los Angeles office. He is a seasoned professional with a broad understanding of risk and compliance requirements across domestic and international markets. He has more than 10 years of experience managing Third Party Risk Management programs across multiple industries, including financial service, healthcare and IT providers.
12:00 PM - 1:30 PM - Webinar and Q&A
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