What businesses need to know about assessing third-party risk

Businesses today are more and more aware that they need to know the risks they are inheriting from their third-party vendors. And they must determine which of those risks warrant mitigation in some real way.

On this episode of IT Availability Now, host Servaas Verbiest and guest John Beattie, Principal Consultant at Sungard AS, examine this complex and timely topic, digging into everything from customers’ biggest concerns to effective third-party risk management. Listen to this full episode to learn:

• The differences between “preventive” and “reactive” responses to risk and identifying what controls third-party vendors have for each
• What happens when organizations place too much stock in “prevention”
• How businesses can evaluate third-party risk as it pertains to ransomware
• The top risk areas related to post-ransomware recovery

As Director of Product Field Strategy at Sungard AS, Servaas Verbiest assists businesses and organizations in realizing the full potential of cloud computing by thinking strategically, deploying rapidly, and acting as an ambassador for the cloud ecosystem. While at Sungard AS, Servaas has worked with more than 1,000 unique clients across multiple industries on complex application deployments, re-platforming, public cloud integrations, private cloud deployments, application lifecycle, and hybrid cloud model development.

As a Principal Consultant at Sungard Availability Services (Sungard AS), John Beattie works closely with organizations to implement third party risk management programs and reduce operational risk by establishing new business continuity and disaster recovery programs or transforming existing ones to improve effectiveness.

Listen and subscribe to IT Availability Now on Apple Podcasts, Spotify, Google Podcasts, Podchaser, deezer, Podcast Addict, Listen Notes, and more.