The volume and frequency of cyber breaches that occur via third-party vendors is alarming, leading to millions of records containing privacy data for customers, consumers and employees being stolen all too frequently.
While financial services organizations are maturing in their approach to risk management, there are still significant gaps across silos of risk practices. This whitepaper is a road map to integrate vendor risk management (VRM) and business continuity management (BCM) disciplines by aligning technological advances and best practices with evolving risk appetites and tolerances.
Financial services organizations must strive to close the gap between cybersecurity, vendor risk management, and business continuity to reduce risk to their customers and business and to improve their overall operational resilience.
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