How to Move Beyond a Checklist Approach to Third-Party Oversight

While those responsible for third-party oversight must conduct adequate pre-contract due diligence and actively monitor their third parties, they must also think about whether they “want to be a business inhibitor,” suggested Christopher Pierson, EVP, chief security officer and general counsel for Viewpost, a FinTech payments company. Speaking at the International Association of Privacy Professionals Privacy.Security.Risk. 2017 conference, Pierson and other panelists talked about practical and efficient ways to oversee third parties. See our two-part series on vendor risk management “Nine Due Diligence Questions” (May 25, 2016), and “14 Key Contract Terms” (June 8, 2016).

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