When organizations outsource critical functions like technology and security solutions, the question on everyone’s mind is: When does our liability for a data breach 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 related to compromised data. If your organization 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 as a result of the breach? 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, even if your vendor actually caused your incident. Then there is the other side of the equation – how do you know that your vendor can truly support your organization, perform the tasks you’ve contracted them for, or cover your losses if the breach is their fault?
Vendor risk management and due diligence is something every organization should perform carefully, and there are a number of unique issues when considering the inherent risks associated with outsourced services.
The benefits of outsourcing are attractive for many reasons, but you need to ask yourself: Can you stake your organization’s well-being and financial stability on a vendor? If you answered no, then join us to discover:
This course offers a unique opportunity for attendees to develop critical risk management skills to apply immediately upon returning to the office. This is a fast-paced, highly interactive workshop where attendees will develop a risk profile and risk management strategy using one of their own current or future vendors of choice.
In addition to course materials, attendees will receive a sample profile matrix, critical questions to ask your vendors, a sample checklist of minimum documentation requirements and valuable resources.
What to Bring: The speakers encourage you to bring a highlighter, pen, paper for additional notes, and your questions.
Dress Code: Casual. Be comfortable. You might want to bring a sweater if you tend to get cold easily.
Any individual responsible for managing risk related to outsourcing technology, security, or other services / solutions. Includes, but not limited to:
Day 01(8:30 AM - 4:30 PM)
Day 02(9:00 AM - 11:00 PM)
Rayleen M. Pirnie, AAP, 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. Ms. Pirnie’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 has worked with all payment systems for nearly 20 years.
Ms. Pirnie also holds a Bachelor’s of Science in Criminal Justice Administration. Her educational programs provide real-world, actionable information for financial institutions and businesses on topics ranging from payments risk management to information security. She authors payments risk and fraud blogs geared toward helping organizations recognize threats and protect themselves from loss.