Events for Gramm Leach Bliley Act (GLBA)

Vendor Management For Financial Institutions: Addressing Outsourcing Risks

This webinar presents key points of what financial institutions should know about the risks involved with entrusting business processing, operations and data handling to third parties.

Outsourcing is becoming commonplace, particularly with many top financial, health care, tax reporting, and credit reporting companies. When you entrust vendors with your institution’s confidential data, you are placing all control of security measures for your organization’s data completely into their hands. That trust cannot be blind. Many recent security incidents have resulted from inadequate security practices within outsourced organizations handling another company’s customer or employee data.

Leading this webinar will be Rebecca Herold, an information, security, privacy and compliance analyst, and author. Herold will explain to attendees when you outsource critical data processing, operations and management activities, you must take action to stay in charge of your own business data security and minimize your business risks. You must hold your vendors to strict security standards. In many instances, the standards applied to vendors will be more stringent than your institution’s internal security requirements.

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