There’s a huge misconception in our industry today that a GRC platform is the end all be all to Third Party Risk Management (TPRM). This is so not true! The key to an effective, results driven, TPRM Program is to take the time to lay a solid risk-based foundation. History has shown, that if you just go purchase a tool and haven’t laid a solid foundation, the tool will not give you the results you’re looking to achieve. Regulatory bodies and Industry standards are embracing this philosophy as well. This process can be tedious and time consuming in the beginning but once complete, your result is a mature TPRM program that is ready to be transitioned into any GRC platform.
Topics: Third Party Risk Management
Lynx Technology Partners is a minority, veteran owned, woman lead company so we know firsthand the reason for the holiday. We understand that it was created to be a day of service. Our employees work hard to support our clients by performing services for them and going above and beyond the call of duty but they also do the same in our communities. There’s a HUGE GAP in Cybersecurity Careers and part of our mission to serve the community is to educate others and expose them to Cybersecurity careers. So, this past week one of our own, Angela Dogan, Director of Vendor Risk and Compliance Services, spoke to the Atlanta Girls Schools, STEAM students about the meaning of Cybersecurity and all of the possible Careers in the industry. This is one of the many ways Lynx Technology Partners decided to perform their day of service.