Five Essential Criteria For Calculating Third-Party Risk Appetite

Understanding the amount of risk your organization is willing to accept from vendors, suppliers, and other third parties is vital to your third-party risk management (TPRM) program and to your organization's overall operations and objectives. A clear third-party risk appetite can support your TPRM due diligence efforts, decision-making processes, and more. But with the seemingly endless variables to defining third-party risk appetite and risk tolerance, how do you know what the best approach is for your organization?

In this on-demand webinar, Bob Wilkinson, CEO of Cyber Marathon Solutions and former CISO at Citigroup, leverages his experience to show you how to calculate a third-party risk appetite that's right for your business.

Join Bob as he:

• Explains the difference between risk appetite, risk tolerance, inherent risk, and residual risk
• Examines why you need to calculate risk appetite as part of your TPRM program
• Identifies standard definitions, levels, metrics, and reporting that should be included in your calculations
• Defines how to identify your organization's inherent and residual risks
• Demonstrates the steps to take to calculate and present your risk appetite statement

Calculating your third-party risk appetite will strengthen your TPRM program and support your business objectives. Register for this webinar to learn first-hand from a leading TPRM expert!