How to Create a Sustainable Vendor Risk Management Program
VP of Communications and Government Affairs at BitSight
With new threats emerging daily and companies increasingly outsourcing, vendor risk management (VRM) is critical to protecting a company’s most important assets.
In fact, Gartner estimates that by 2020, 75% of Fortune Global 500 companies will treat vendor risk management as a Board-level initiative to mitigate brand and reputation risk.
To proactively mitigate risk, organizations need to create a lasting VRM program that can scale with the growth of their business and sustain the changing risk landscape.
Join Jake Olcott, BitSight’s VP of Strategic Partnerships, as he discusses how to create a VRM program that:
- Allows you to make effective security risk decisions quickly
- Significantly increases vendor coverage through automated, continuous monitoring of cybersecurity risks
- Enables collaboration with third parties through consistent, data-driven security and risk communications
- Ultimately reduces your exposure to data breach by identifying and prioritizing vendors of highest risk
Jake manages BitSight’s corporate communications, press/analyst relationships, and government initiatives.
Jake served as cybersecurity attorney to the Senate Commerce Committee and House Homeland Security Committee. He previously consulted with Fortune 1000 executives on cyber risk management. He also served as an adjunct professor at Georgetown University.
He holds degrees from the University of Texas at Austin and the University of Virginia School of Law.
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