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How Do You Manage Managed Service Providers? [VIDEO]

 

"You can have all the metrics in the world. If there's no consequences, it's useless."

Here we spoke with Anne Benigsen after her presentation around best practices and strategies to manage vendors. She made some very strong points in her presentation about the control you

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Top 3 Things You Can do to Best Manage Your Vendors [VIDEO]

 

We now live in an outsourced world. The ability (and scalability) it allows our businesses by outsourcing functions of our business and IT infrastructure continues to increase each day. That is why vendor management has become a very important practice among CIOs and risk

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5 Frequent Mistakes Made in Vendor Contract Negotiations

Negotiating vendor contracts is never easy. You need strong relationships with your vendors to grow and expand your business, but rushing to sign on with companies may lead to higher risk deals. Your short-term needs may get met, but you suffer over the long-term from it. If you do not have the technology and relationship to scale effectively and

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How CISOs Can Improve the Cybersecurity Landscape

In larger environments, it is not uncommon to have both a CIO/CTO and CISO (Chief Information Security Officer). The CTO/CIO is usually held accountable for the development and implementation of the IT strategy to support the institution's business strategy in line with its risk appetite. A CISO is typically responsible for overseeing and

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Good reminder for Vendor Risk Management

Although this article in Consumer Compliance Outlook is a little dated, it comes as a good reminder regarding your vendor risk management.  Over the last couple of years we have noticed a continued effort by examiners to increase their own due diligence towards financial institution's understanding and management of their vendor programs. A

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Windows 7 & ATMs affect on Vendor Management Compliance

We have had quite a few questions from banker's lately asking about ATM and Windows 7 compliance from Microsoft.

ATM Drivers and hardware companies say their networks ARE NOT ready for an upgrade of their OS software on ATMs and the supporting infrastructure. They will not be ready to update ATM Operating Systems by the April deadline.

The

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Improved Vendor Management

With a recent breach at core provider FIS, banking executives are asking why more examination information is not shared up front with community bankers. This article in BankInfoSecurity reinforces that federal regulators are emphasizing that bank institutions need to continue to improve their vendor management due diligence.

BankInfoSecurity

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Webinar - Myths & Misunderstandings of Vendor Managment

For our October webinar, Garland Heart was thrilled to have Kelli Shultz with Digital Compliance here to share her expertise on Vendor Management. If you missed this webinar or would like to share it with others, check out this recording which will cover some good tips on how to better manage your Vendors.

Copies of the slides here - Garland

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Webinar - Vendor Management

Thanks to all that were able to attend our webinar today on Vendor Management. Also thanks to Denis O'Neil and presenter, Heath Stanley, for contributing such a hot button topic. Our webinar series fall on the 1st Friday of each month and next month (April 2nd @ 11am CST) we will be discussing 'Enterprise Risk Management'.

Lastly, if you have any

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RiskKey Template Spotlight: Vendor Management

Vendor Management. Its been a hot topic over the last couple of years with examiners, and best practices require that this process be done well. It can be a daunting task, and many organizations struggle to do it well. A well-rounded risk assessment process is critical to managing your vendor management program. RiskKey can help! Our vendor

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