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Defense in Depth
Doing Third Party Risk Management Right
Jan 4, 2024
In this podcast, Erik Decker, CISO of Intermountain Health, joins the hosts to discuss the struggles faced in managing third-party risk. They explore the ineffectiveness of questionnaires and debate the right approach. They also touch on the future of supply chain risk, the benefits of a centralized platform for risk information, and the importance of communication and building relationships with vendors.
30:30
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Quick takeaways
- Questionnaires are inefficient and do not effectively reduce third-party risk.
- Focusing on the 20% of activities with the greatest impact can significantly reduce third-party risk.
Deep dives
The struggle of managing third party risk
Managing third party risk is a challenge due to the inefficiency of questionnaires and the lack of impact they have on reducing risk.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode