Presentation: Getting Started - Managing Third Party Cyber Risk

Speaker: Joe Lauducci

Topic: Vendor risk management has become a major issue for businesses following major breaches traced back to third party vendors, suppliers and business partners. Among breaches that were tracked by Verizon for the most recent Data Breach Investigations report, they found that 70 percent of breaches had negative downstream effects on third parties. Despite this growing threat, Gartner has estimated that only ten percent of organizations have a vendor risk management program in place. Gartner estimates that this will grow to 40% by 2018.

The threat of sharing data outside of a company's networks is bound to grow as businesses continue to outsource important business functions. As companies recognize the need for more formal operations to mitigate the cyber threats posed by vendors, there emerges a crucial question: where do I start?

In this session you will learn:

• Different approaches for incorporating BitSight Security Ratings into vendor risk management (VRM) programs, whether your program is just getting started or is well underway
• Why continuous monitoring of vendor security performance is both critical and achievable, through the use of data-driven, evidence-based security ratings
• "Best practices" for third party risk vendor management
• How to get started with your next generation vendor risk management program

Bio: Joe Lauducci is Regional Sales Manager with BitSight Technologies, the Cambridge, Mass.-based risk management company leading the way in the security ratings market. Working in technology sales since 2001, Joe specialized in cybersecurity for the last 10 years. Prior to his role at BitSight, Joe led sales efforts on the East and West Coasts for Sophos, Prolexic, and Akamai to help protect the infrastructure, data and availability of the world's most prominent financial institutions and Global 2000 companies. He earned a Bachelor of Science degree from the State University of New York at Cortland, and volunteers for financial literacy programs for underserved youth in Southern California.

Lunch Menu:
Appetizer: Hale Koa Salad with Tarragon Dressing
Main Course: Broiled New York Steak, Cabernet Peppercorn Sauce, Frizzled Onions, Roasted Garlic Mashed Potatoes and Grilled Marinated Squash and Peppers
Dessert: Vanilla Ice Cream Taco with Fruit Salsa