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Third-Party Service Provider Vendors Risk Assessment

Mitratech Holdings, Inc

Third-Party Risk Management: The Definitive Guide

In a world with increasingly interconnected companies, vendors, suppliers, logistics partners, and cloud services providers, Third-Party Risk Management (TPRM) has advanced from being an annual checklist exercise to a...more

Goodwin

NYDFS Publishes Guidance on AI-Related Cybersecurity Risks

Goodwin on

On October 16, 2024, the New York State Department of Financial Services (NYDFS or the “Department”) published an industry letter (the “Guidance”) regarding the increased reliance on artificial intelligence (AI) and the...more

Mitratech Holdings, Inc

What is a Vendor Risk Assessment?

We recently dove into what vendor risk and vendor risk management entails. Once you understand that this is the risk that results from vendors, it’s simple to extend this and establish that vendor risk assessment (VRA), or...more

Mitratech Holdings, Inc

What is Vendor Risk & Vendor Risk Management (VRM)?

Vendor risk management (VRM), or third-party risk management, is the management, monitoring, and evaluation of risks that result from third-party vendors and suppliers of products and services. It’s a crucial initiative...more

Fox Rothschild LLP

FTC: You Are Only As Good As Your Weakest Service Provider

Fox Rothschild LLP on

The Federal Trade Commission (FTC) recently entered into an enforcement action with an analytics company for breaching the FTC's Safeguards Rule issued pursuant to the Gramm-Leach-Bliley Act (GLBA) by failing to properly vet...more

White & Case LLP

Vendor performance during social isolation

White & Case LLP on

White & Case Technology Newsflash - Every industry is at a critical juncture in evaluating how to successfully continue business operations in a period of unprecedented disruption. We have received a number of inquiries...more

Hudson Cook, LLP

Vendor Service Contracts - Not Just Arm's Length Transactions Anymore

Hudson Cook, LLP on

The Consumer Financial Protection Bureau's Compliance Bulletin and Policy Guidance; 2016-02, Service Providers addresses the CFPB's expectation that companies oversee their business relationships with service providers in a...more

Hudson Cook, LLP

CCPA Advent: Waiting on the World to Change

Hudson Cook, LLP on

January 1, 2020, opens both a new decade and a new landscape in privacy regulation in the United States. On that day, the California Consumer Privacy Act, or CCPA, is set to become effective. The law will be the first of its...more

Akin Gump Strauss Hauer & Feld LLP

Upcoming February and March Deadlines Under New York DFS Cybersecurity Regulation, Including New Third-Party Service Provider...

This client alert will briefly outline key upcoming deadlines under the New York State Department of Financial Services (DFS) Cybersecurity Regulation (the “Regulation”). These include annual filing deadlines coming up in...more

Patterson Belknap Webb & Tyler LLP

DFS Cyber Regulation: Part II – An Interview with Bay Dynamics’ Steven Grossman

This is the second installment in our interview with Steven Grossman, VP Strategy & Enablement at Bay Dynamics, the cyber risk analytics company. Here, Steven discusses the importance of aligning an institution’s risk...more

Stinson - Corporate & Securities Law Blog

The New York State Department of Financial Services Proposes Robust Cybersecurity Rules

On September 13, 2016, the New York State Department of Financial Services (DFS) proposed new rules that would require certain “Covered Entities” to establish and implement cybersecurity programs designed to protect nonpublic...more

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