3 pas global webinar slides final
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Trust Exchange in partnership with 3PAS Global, has created a joint offering which will reduce the time and cost associated with assessing Third Parties.
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3 pas global webinar slides final
- 1. Webinar: Streamline Assessments and Vendor Risk Management Presented by: Beth Wexler, 3PAS and Edward Sullivan CEO, Trust Exchange
- 2. Regulatory Direction seems unpredictable and ever changing Lots of “WHAT ” Very Little “HOW” Pressure Increasing, Confusion at a Maximum and Costs Rising What if? • Reduce Complexity • Reduce Costs • Increase Visibility • Standardize Assessments • Decrease Risk Vendor Risk Management
- 3. What does 3PAS do? • Patented two-part risk assessment • Part A – triage all vendors • Part B – scored assessment for critical vendors derived from a variety of globally recognized frameworks including ISO27001/2, HIPAA/HITECH, PCI, FISMA/NIST, and CSA/CCM. • Annual auto - renewals • Shareable assessments to provide other business partners • Perform on-site audits and reviews • Consulting on best practices for harvesting vendors
- 4. VRA Part A all vendors No connectivity or data transmissions Non-critical vendor VRA Part B only critical vendors Will have connectivity and/or data transmissions Critical vendors take the Scored VRA
- 5. What is Trust Exchange? • B2B Information Platform • A “Social Network” for Enterprises • Companies Exchange Key Information via Social Interface • Distribute via “Network Effects” • Powering Collaborative Compliance™
- 6. Exponential Problem • In a Network, the number of interactions grows exponentially as “members” increase • TE enables vendors to subscribe to risk policies • And…broadcast compliance requirements through the network via TE • 3PAS Standardizes and Streamlines Assessments which can then be broadcast
- 7. Dashboard Timely and actionable information is delivered through easily configurable dashboards. Create custom monitoring criteria and risk policies that can be monitored automatically. Dashboards and reports create visibility throughout the organization. Each party can have multiple dashboard views based on role or responsibility.
- 8. Policies Custom compliance policies and risk categories allow organizations to more precisely segment third parties by function, risk geography, etc. All parties receive alerts about upcoming requirements policy violations and new events.
- 9. Vendor Profile The vendor’s profile is added to the portfolio of vendors you are monitoring. The profile timeline provides a consolidated view of each vendor’s performance over time. At a glance you can determine an individual vendor’s compliance and policy violations. Streamlined Assessments and Re- Assessments provided by 3PAS and Integrated into TE Vendor Timelines
- 12. Thank You Very Much Questions?