CIO Detroit Summit | May 17, 2018 | The Westin Book Cadillac Detroit - Detroit, MI, USA

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Which "Friends" Do I Trust? Realities of 3rd Party Risk

Think Tank - 9:35 am - 10:00 am

It is not a matter of if, but a matter of when. Organizations, more and more, and are outsourcing business activities to 3rd-parties because of cost-savings, revenue opportunities, expertise, etc. Thus collaborating with our business partners early to select the right 3rd-party vendor(s) with the appropriate security posture is essential, especially for vendors hosting, processing and/or transmitting sensitive/regulatory information, or having access to our IT assets.

Takeaways:

  1. Regardless of the reasons, outsourcing some business functions to a 3rd party seems inevitable in today's world
  2. It is critical to have a proper vetting procedure of 3rd parties before engaging them as business partners who have access to company systems and data

Presented by:

Kimberly Ingram, Former CIO, Lansing Board of Water and Light View details