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Establishment of the Third Party Risk Management Hub

Third-party risk: How secure are my business partners and suppliers really?

Yesterday, we launched our Third Party Risk Management Hub at the kick-off meeting in Berlin. Our increasingly connected and digital world brings with it an increased risk of security incidents. A critical challenge for large enterprises is to be transparent about the security practices of all partners and ensure that they meet their own high standards.

As President Hans-Wilhelm D├╝nn explained at the kick-off meeting, the Hub focuses on identifying and mitigating these risks, particularly as they relate to third-party data security.

In his keynote speech, Arslan Br├Âmme, National Information Security Officer at Vattenfall, emphasized the relevance of the topic, especially for companies operating internationally.

As Thibault Lap├ędagne, Head of Cybersecurity Research at CyberVadis and head of the new hub, explained, the hub will help companies shape the ongoing process of securing third-party vendors.

Together with our members and competence partners, we will develop practical methods and guidelines in the coming sessions to help companies ensure the security of their third-party providers strategically and in the long term.

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