Vendor Due Diligence: The Cybersecurity Perspective

Duration: 90 Minutes
In most industries, you can contract away a responsibility or task, but not the liability of an attack or compliance expectations. This training program will examine key questions in case of a security breach. Whom will your customers hold liable? Who is going to get fined and possibly sued? At the end of the day, your organization will suffer the negative publicity, the reputation damage, and financial loss of the attack. This program will address vendor due diligence and security to better understand the risks your organization could face while outsourcing your business needs.
Vendor Due Diligence
Instructor: Rayleen M. Pirnie
Product ID: 506883
Objectives of the Presentation
  • Which of your vendors present the biggest risk
  • Imperative questions you need to ask your vendors
  • Documentation of security standing to gather when outsourcing your technology and/or security solutions
  • The unique ongoing due diligence needs of outsourced vendors with respect to security
  • Critical contract provisions
Why Should you Attend
AT&T was ordered to pay a $25million fine to settle three consumer privacy violations due to breach of confidential information. The breaches of consumer private information occurred at out-sourced call centers. Target paid fines not only to regulators for violations of consumer privacy laws, but also to card brands, in response to lawsuits from financial institutions, and to settle consumer class-action lawsuits.

The list of such entities goes on and on. It's not surprising that over half of organizations that are breached go out of business within 6 months following the event because of the financial devastation.

The benefits of outsourcing are attractive for many reasons, but you need to ask yourself: can you take your company's well-being and financial stability on a vendor's security? This webinar will analyze this question from various perspectives and will offer attendees an understanding of the unique ongoing due diligence needs of outsourced vendors with respect to security.

Who will Benefit
  • Internal Auditors
  • Regulators
  • Legal Departments
  • Compliance Officers
  • Purchasing Managers
  • QC Managers
  • QA Managers
  • Quality and Sales Department Staff
  • Compliance Consultants
  • Senior Management
Topic Background
When companies outsource technology and security solutions, the question on everyone's mind is: When does our liability for a cyber-attack end and my vendor's begin? The answer is not really simple. In most industries, you can contract away a responsibility or task, but not the liability of an attack or compliance expectations. If your business was breached today, whose name is going to be in the news? Who are your customers going to call? Who is going to get fined and possibly sued? The list of questions goes on. At the end of the day, your organization will suffer the negative publicity, the reputation damage, and financial loss of the attack.
$300
Recorded Session for one participant
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How it works
Live Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • The webinar joining link, username and password for joining the webinar will be updated on your OCP Account 24 hours prior to the webinar
  • Presentation handouts in Downloadable PDF format will be updated on your OCP Account 24 hours prior to the live session
  • Login to the audio conference on the scheduled date and time
  • Get answers to your queries through interactive Q&A sessions via chat at the end of the session
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account 24 hours after the completion of the session
  • Please let us know your thoughts and views at the end of the webinar, your valuable feedback will help us improve
Recorded Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • Upon purchase of the recorded session a link will be updated on your OCP Account within 24 hours
  • Please click on the link to access the Recorded Session
  • Presentation handouts in downloadable PDF format will be updated on your OCP Account within 24 hours of the purchase of the product
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account after 48 hours of the product Purchase
  • Please share your valuable Feedback at the end of the session
Instructor Profile:
Rayleen is the founder and owner of RP Payments Risk Consulting Services, LLC. based in Missouri. She is a nationally recognized payments risk and fraud expert who offers specialized consulting services, procedural and risk management reviews, and payments education. Rayleen's specialized skill is delving into the world beyond the payment rules; areas where organizations often find themselves in positions of liability or loss with little to no clear guidance. She is an Accredited ACH Professional (AAP) who has worked with all payment systems for nearly 20 years, and a Certified Enterprise Risk Professional (CERP). Rayleen also holds a Bachelor of Science in Criminal Justice Administration.

Her favorite pastimes include gardening with her grandson and reading. She is very active with children's advocacy services in the state of MO and has 4 rescued dogs.
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