Venminder

When third-party vendors fail to meet regulatory standards, FINRA and the SEC hold your firm accountable, not just the vendor. A data breach, lapsed certification, or inadequate supervision can trigger enforcement actions, even when the misstep wasn't yours. The solution? Proactive vendor oversight through , clear contracts, and continuous monitoring.

Learn how to manage third-party compliance risk effectively: https://bit.ly/4nQUn6b

Managing Third-Party Compliance Risk: A Guide for Broker-Dealers Learn how broker-dealers can effectively manage third-party compliance risk to protect operations and maintain regulatory compliance with these steps.

Reviewing a vendor’s business continuity and disaster recovery plans is an essential step in your due diligence process, especially for critical vendors. Plans that are well-written and fully tested give better insight into the vendor’s preparedness and ability to resume operations. But what do you do if your vendor has a plan that's considered 'weak'? This infographic will help you out: https://bit.ly/4o6XDdo

What to Do If a Vendor Has Weak BC/DR Plans Vendor business continuity and disaster recovery plans can be considered weak for a variety of reasons. This infographic will help you spot red flags.

Third-party risk management is an incredibly valuable function that deserves to be prioritized and invested in, even during an economic downturn. Without proper and investments in internal and external resources, it can expose you to further and impact. Learn more in the blog: https://bit.ly/3FB7MxL

The Importance of Third-Party Risk Management in a Difficult Economy It's natural for organizations to cut expenses in a challenging economy. This may include third-party risk management, but that may not be wise. Read more.

Before you sign that next vendor agreement, make sure you have these two critical protections in place:
✅ Right to audit clauses
✅ Breach notification requirements

These aren't just legal fine print, they're your organization's safety net for maintaining standards and protecting sensitive data throughout the vendor relationship. This infographic will set you off on the right foot: https://bit.ly/4oMaXoz

Did you know 49% of organizations faced third-party cyber incidents in 2024? When hackers target your vendors, they're really targeting YOU, your data, reputation, and customer trust. Key protection strategies include: auditing vendor cybersecurity before partnerships, limit data access to essentials only, monitor vendor continuously, and plan for vendor breaches. Learn how to protect your organization from vendor cybersecurity risk: https://bit.ly/45IWgcX