Vendor Management in 2019: Best Practices Amidst Intense Regulatory Focus
In recent years, both the regulators and industries have homed in on the data privacy risks posed by vendors. When businesses outsource their processes to a third party, the transmission of sensitive data to the vendor’s network is always a possibility. Vendor failures, such as performance problems and security breaches, could result in lost revenue brought about by business disruption and reputational damage.
Through a number of state and federal regulations, companies are mandated to develop and implement a robust vendor risk management program that will not only enable them to meet various compliance requirements but will also improve their security from third-party risk.
In this LIVE Webcast, OneTrust’s Third-Party Risk Management Offering Manager, Mr. Jaymin Desai, will lay out the essentials of an effective vendor management program. Mr. Desai will also offer a discussion on how to streamline third-party risk management for compliance.
Key topics include:
- Vendor and Data Privacy Risk - Statistics
- Recent Regulatory Developments
- Compliance Issues
- Modern Vendor Risk Management Solutions
- Best Practices
- How to streamline third-party risk management for compliance with major regulations like GDPR, CCPA, OCC, etc.
- The key requirements of major third-party risk management regulations and standards
- What activities should be completed to prepare for third-party risk compliance
Jaymin Desai is a Certified Information Privacy Professional (CIPP/E , CIPM) and a Privacy Engineer at OneTrust – the #1 most widely used privacy, security and third-party risk technology platform. In this role, Desai oversees a global professional services team of privacy certified consultants focused on formulating efficient and effective responses to data protection requirements. His team advises many of the world's leading organizations on General Data Protection Regulation (GDPR), California Consumer Privacy Act (CCPA) and ePrivacy (Cookie Law) solution implementations with extensive experience building and scaling enterprise-level privacy programs. He holds a B.S. in Biomedical Engineering from the Georgia Institute of Technology.
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Method Of Presentation:
General knowledge of vendor management
NY Category of CLE Credit:
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OneTrust Vendorpedia™ is the largest and most widely used technology platform to operationalize third party risk, security, and privacy management. More than 3,000 customers of all sizes use OneTrust, which is powered by 50 awarded patents, to offer the most depth and breadth of any third party risk, security, and privacy solution in the market. OneTrust Vendorpedia is purpose-built software designed to help organizations manage vendor relationships with confidence and integrates seamlessly with the entire OneTrust platform, including – OneTrust Privacy, OneTrust GRC, OneTrust DataGuidance™, and OneTrust PreferenceChoice™.