utulsa.edu

Cyber Security C-Suite Breakfasts & Dialogues: VENDOR RISK MANAGEMENT

DATE, TIME, LOCATION
Wednesday, May 3, 2017
Tulsa, Ok * Doubletree Hotel (6110 S. Yale)
7:00 am – 9:00 am
FACILITATORS/PRESENTERS: Daniel Rosenbaum and Jerald Dawkins, Ph.D.

Vendor Risk Management (VRM) is defined as a plan to identify and decrease potential business uncertainties and legal liabilities involving a vendor.

Why is the practice of evaluating vendors so important? Findings from the Ponemon Institute show that “49% of companies had a data breach caused by a third party vendor”.

Over the past few years, the rise of mobile, cloud and social technologies changed our working systems, infrastructures and processes. In fact, this shift toward an ever-connected world, has given businesses both a greater choice and variety of vendors to deal with, but also the reality that now cyber criminals have a broader area to attack.

When a business works with vendors, sensitive data may be transmitted, stored and processed on both company and vendor networks. It’s important to know and understand the regulations such as the Sarbanes-Oxley Act (SOX), Payment Card Industry Data Security Standard (PCI DSS) and the Health Information Portability and Accountability Act (HIPAA) mandates regarding extending risk management policies to those very vendors, contractors and consultants.

This Cyber Security Conversation topic is very important…because even if your business has taken extensive protective measures in handling customer data, once it gets on your vendor’s systems, it may be open to simple phishing breaches. If your corporate network is hacked through a vendor and your data is stolen, the outcome could be catastrophic…your business reputation can be damaged, financial losses can be huge, and legal liability may be hard to transfer to that vendor. This is why vendor risk management, and especially IT risk management, should not be taken lightly.

MAKE YOUR RESERVATION TODAY!
Seating is limited.
RSVP by April 24th for the May 3rd Breakfast & Dialogue Presentation.

Ticket Prices:
Individual Tickets to the May 3rd Breakfast: $55 each
Reserve a table for your company (seating for 6): $275 per table

Call Marie Boyd in our office at 918-631-3088 to make reservations and payment or email her at cese@utulsa.edu.

Want more information on this topic? Sign up for our two-day seminar: An Information Security Perspective on Vendor Risk Management, May 17-18, 2017 in Tulsa.