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Staying On Top of Vendor Risk Management News: Week of May 7

May 11, 2018 by Branan Cooper

Cybersecurity was a hot topic for vendor risk management news this week. A lot of our trusted news sources are writing about the state of cybersecurity in 2018. In addition to cybersecurity, below you'll read about more changes at the CFPB, a funny sounding enforcement action with serious consequences, our article on the real job of third party risk management that was published by Banking Exchange and more.

Industry News for the Week of May 7

What worries credit union compliance managers? Read here

Who’s running the show at the CFPB along with Mulvaney? Meet the team – very interesting: Read here

Not third party related, but passing along a fun read – Artichoke Joe’s cited by FinCEN: Read here

Industry honors for our go to legal source, Ballard Spahr: Read here

Only 6% of counsel surveyed expressed high confidence in third parties ability to protect the institution’s data – and other observations from 2018 state of the cybersecurity industry: Read here

Our article on the real job of third party risk management: Read here

Article on the evolution of the prepaid industry – (Note: Marilyn Bochicchio is mentioned in this and she's someone who did a thought leadership interview with us recently. You can find that interview here.): Read here

New cybersecurity blog from our law firm friends at Dykema: Read here

The state of cybersecurity in 2018: Read here

Podcast on the importance of third parties in an effective compliance program: Read here

Ballard Spahr and CFPB officials on what has changed at the CFPB – behind the scenes: Read here

Third party risk and globalization: Read here

Be prepared to combat cyber, data and information security risks - download our infographic on GDPR to ensure you're meeting the latest regulatory standards.

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Branan Cooper

Written by Branan Cooper

Branan Cooper is the Chief Risk Officer at Venminder. Branan has nearly 30 years of experience in the financial services industry with a focus on the management of operational and regulatory processes and controls—most notably in the area of third party risk and operational compliance. Branan leads the Venminder delivery team as the third party risk management subject matter expert in residence. Branan also serves as an industry thought leader. He's a member of InfraGard and the Professional Risk Management Industry Association (PRMIA). And, he was selected in 2018 as an advisor to the Center for Financial Professionals (CEFPro) and board member for the Global Sourcing Resource Network (GSRN).

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