COVID-19 Vendor Risk Considerations for Financial Institutions Missed Part 1 of this series? Learn about the 6 due diligence questions that should be part of your COVID-19 vendor risk response. The combined impact of COVID-19 and market recession has many institutions asking the question, “Where can we cut costs?” Organizations are not only struggling to face daily challenges, but are also looking down the road to plan for…
Managing Third-Party Risk Related to COVID-19 As organizations navigate the uncharted territory of supporting business resilience during a global pandemic, continuity planning and risk management have become prime concerns. Even as many are grappling to figure out a “new normal” for protecting employees, serving customers, and maintaining core operations, assessing new risks related to COVID-19 is key to making strategic business decisions in these difficult economic circumstances. One significant risk area that institutions need…
Operational resiliency is essential in times of crisis. And a comprehensive business continuity program helps organizations plan for, and succeed through, a range of possible events — natural disasters, pandemic illness, equipment or facilities failures, and other incidents that could interrupt critical business processes. But sometimes the scenarios that seem least likely to happen get neglected in business continuity plan updates. Recent events surrounding the novel coronavirus outbreak and subsequent declaration of a global…
Governance, risk, and compliance management is not a new concept. Whether organizations call it GRC, integrated risk management (IRM), enterprise risk management (ERM), or something else, the necessity and strategic advantage of an effective management program is widely recognized. However, what a successful GRC program looks like is changing, and must change, to reflect an evolving business environment. Organizations can no longer get by with manual, disconnected management methods. Spreadsheets, differing data and processes…
Explore Quantivate's top GRC resources of 2019, with informative guides and tools for managing enterprise and vendor risk, business continuity, compliance, and more.