Effectively managing third-party risk has become crucial for companies.
Not only is it key to helping protect a company's reputation, which is crucial for maintaining customer trust and loyalty, but many industries are subject to regulatory requirements that mandate compliance with specific standards and guidelines, and companies must ensure that their third-party vendors also comply with these regulations to avoid legal and financial penalties.
Not only this, but poor third-party management can result in financial losses due to fraud and breaches, not to mention the delaying of core operations.
In this episode of the EM360 Podcast, Analyst Richard Stiennon talks to Paul Iagnocco, Head of Customer Enablement at TrustArc, about:
- Managing third-party risk
- Is privacy the biggest factor?
- Emerging trends and technologies
TrustArc offers a comprehensive privacy platform with contextual privacy insights and automated phases of privacy program management. Built on a foundation of embedded privacy expertise and integrated frameworks, the platform includes knowledge modules for identifying and prioritizing evolving regulatory requirements, including privacy research and alerts, law comparisons, legal summaries, and operational templates. Operations modules include building data inventories, mapping data flows, and managing individual consent, preferences and privacy rights. TrustArc also offers intelligence modules for managing third-party risk, company privacy risk, applicability of privacy requirements, data transfers, assessments, compliance reporting and compliance verification.
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