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6 best practices for better vendor management

CIO Business Intelligence

And how well an IT leader deals with and orchestrates vendor relationships can mean the difference between a well-organized and efficient IT operation and a mess that costs an organization millions of dollars without delivering positive results. Here are several key tips for making the most of vendor relationships.

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Spooky, Scary Tales of Vendor Management

SecureWorld News

Five little vendors access your data. The first one said, "For this company, vendor management doesn't seem to matta." The fourth one said, "Regulation requires vendor control." In honor of Halloween, it seems appropriate to address one of the scariest issues facing organizations today: vendor or supplier management.

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57,000 Bank of America Customers' Data Compromised in Breach

SecureWorld News

According to breach notification letters , the exposed customer data includes names, addresses, Social Security numbers, dates of birth, and financial account details. This incident comes just months after another Bank of America vendor, Ernst & Young, suffered a breach exposing data on 30,210 Bank of America customers.

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Netflix Hack: Key Lessons In The Economics Of Ransomware And Managing 3rd Party Risk

Forrester IT

If you do an impact analysis, you see that it has a medium reputational risk, a low financial risk and no regulatory risk. Enterprise Risk Management. vendor management. With that kind of risk analysis, you don't pay a ransom. Read more Categories: Brand Risk. Governance Risk and Compliance. Ransomware. third party data.

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New York Takes Bold Stance Against Hospital Cyber Attacks

SecureWorld News

Having experienced NYDFS's stringency first-hand in regards to regulation for financial services, this comes as no surprise," Krista Arndt , CISO at United Musculoskeletal Partners, wrote in a LinkedIn post on December 5. "I These draft regulations build upon the statewide cybersecurity strategy Governor Hochul released in August.

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3 key roles for driving digital success

CIO Business Intelligence

Agile PMOs: Connecting execution with digital strategy CIOs must also present to their leadership teams and board directors the status of their digital transformation initiatives, the financial impacts, and roadmap changes. When working with teams, they should simplify vendor management and reporting, including financial and other KPIs.

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How CIOs reinterpret their role through AI

CIO Business Intelligence

As businesses digitally transform, technology is increasingly integrated into every activity, and the CIO is becoming more of a catalyst for data-driven value creation through analytics, new AI model training, software development, automation, vendor engagement, and more.

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