SANTA FE, N.M., March 14, 2017 /PRNewswire/ -- The Shared Assessments Program is the only organization that has uniquely positioned and developed standardized resources to bring efficiencies to the market that make robust third party risk management affordable, and has done so for more than a decade. Such standardization is critical to the advancement of effective, secure third party controls and risk management in an otherwise fractured market. As part of our 2017 initiative, we're formalizing the Shared Assessments Third Party Risk Management Framework. This agnostic and holistic framework will be freely available and will further raise the bar for all organizations that want to achieve rigorous third party controls for cybersecurity, IT, privacy, data security and business resiliency and the current threat environment.
The Challenge: Third and fourth party risk management, as well as risks posed by new, transformative technologies (IoT, Fintech, etc.), are increasingly on the agenda at the Board and C-Suite levels.
Third party risk now extends beyond regulated industries to all outsourcers and verticals:
Outsourcing and emerging technology open up strategic, financial, quality and business resiliency risks; each with the potential to affect the outsourcer's compliance posture, services integrity and, ultimately, the organization's reputation and market position. In addition, the proliferation of unstandardized questionnaires and processes further complicates advancement of vigorous third party controls and risk management. Success within this evolving third party landscape means establishing and consisently employing best practices in the field.
Solution Building: Shared Assessments is founded on an unequalled, cross industry knowledge base and has become a standard for more efficient and less costly means of conducting rigorous assessments of controls for cybersecurity, IT, privacy, data security and business resiliency.
Our resources are developed by members and powered by the experienced thought leaders at The Santa Fe Group, who work collaboratively:
The Shared Assessments Program's 2017 Strategic Risk Management Initiative: This initiative addresses the needs of the business community through:
The Shared Assessments Program is managed by The Santa Fe Group (www.santa-fe-group.com), a strategic advisory company providing unparalleled expertise to critical infrastructure organizations. The core of The Santa Fe Group's belief system is that, despite how complicated the world of commerce might be, business can—and should—be a good citizen. We help organizations determine core values, make meaningful connections, facilitate collaboration and affect change. For more information on Shared Assessments, please visit: http://www.sharedassessments.org.
MEDIA CONTACT: Marya Roddis, Vice President of CommunicationsDirect Line: 575-235-8228Messages: firstname.lastname@example.org
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SOURCE The Santa Fe Group, Shared Assessments Program
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