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The ongoing global turmoil has tested the supply chain across industries in a myriad of ways – from strained resources and remote workflows to security concerns and more. Sustaining a resilient supply chain is one area where many organizations have see… Continue reading Strengthening third-party vendor programs in times of crisis and beyond
NAVEX announced two appointments to the executive staff: Andrew Bates as chief financial officer and A.G. Lambert as chief product officer. As CFO, Bates is responsible for NAVEX finance, accounting, financial risk management and helping steer mergers … Continue reading NAVEX appoints Andrew Bates as CFO and A.G. Lambert as CPO
Organizations nowadays have to meet a growing number of regulatory, compliance and legal requirements. The more complex an organizations is, the more time consuming these requirements become, especially for security teams. A policy automation slution c… Continue reading How do I select a policy automation solution for my business?
NAVEX Global and The Ethics & Compliance Initiative (ECI) announced a partnership to enhance organizations’ ability to assess and measure the maturity and effectiveness of ethics, risk and compliance programs. ECI has led the effort for organizatio… Continue reading NAVEX Global collaborates with ECI to enhance ethics and compliance program assessment standards
COVID-19 has increased organizational focus on third-party risk management (TPRM) for 83% of companies, a recent study reveals. Yet, only 40% of organizations report expanding their TPRM programs as a result. More concerning is that 44% of companies re… Continue reading How do I select a third-party risk management solution for my business?
NAVEX Global released key findings from its survey of IT security professionals in the U.S. and U.K. on the collaboration between the IT and risk management functions. Respondents state that IT and cybersecurity risks were broadly considered part of th… Continue reading An organization’s security posture will benefit from increased coordination
A recent survey revealed that, on average, organizations must comply with 13 different IT security and/or privacy regulations and spend $3.5 million annually on compliance activities, with compliance audits consuming 58 working days each quarter. As mo… Continue reading How do I select a compliance solution for my business?
A new NAVEX Global survey found that more than a third of organizations still use paper-based records or disparate office productivity software to administer their third-party risk assessment and management programs. How best-in-class organizations add… Continue reading Knowing how to define, screen and monitor your third parties is essential to minimizing risk
While concerns about third-party risk remain high – particularly regarding cyber security – 58% of organizations ranked their programs as maturing or advanced, according to NAVEX Global. “We continue to see a move toward centralized and automated systems, which allow organizations to treat third parties the same way they treat their own employees with access to hotlines, training and policies,” said Randy Stephens, J.D., Vice President, NAVEX Global. “This is a smart approach, especially given … More → Continue reading Third-party risk management: Moving toward centralized, automated systems