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DOWNLOAD WHITE PAPER: AN ENHANCED APPROACH TO VENDOR DUE-DILIGENCE

In this white paper we describe, step-by-step, an additional kind of vendor
due-diligence for third party data breach, which significantly enhances the
current practice of reviewing cybersecurity controls. This new supplementary
approach focuses on company size and staffing levels of people with specific
certifications which have been found – empirically, to predict data breach with
high accuracy. Combining approaches reduces the need for periodic review of
Tier-1 vendors.

Download PDF




RELATED MATERIAL


HOW TO IMPROVE THIRD-PARTY RISK MANAGEMENT USING STATISTICAL MODELS

Download a Case Study

Measuring Value of Mitigation

Testing Model Accuracy


david@dhannconsulting.com

David Hann is the director of the UK based DHann Consulting which partners with
organisations to tackle diverse and complex challenges, from transforming
processes and implementing systems, to assessing risk and helping drive
organisational change. 

 

David has over twenty-six years of experience in risk, audit, and consulting
within the UK and overseas. His experience is founded on a 12-year career
focused on Technology Risk at PwC (UK), Deloitte (Australia), and KPMG
(Australia), followed by 7-years at Lloyds Banking Group (UK) where he held
several ‘Head of Audit’ roles including Retail Banking Technology, Digital
Banking and Telephone Banking. David’s focus moved to concentrate on third-party
risk and regulatory compliance. As a regional product director at IHS Markit, he
helped to successfully launch one of the world’s first third-party risk
management due diligence utilities. He subsequently went on to assist clients in
implementing solutions to manage their third-party and outsourcing regulatory
obligations. 

 

His most recent consulting successes include managing Third-Party Risk
programmes, including delivering a global Cyber Security transformation, and
implementing a global Third-Party Risk framework. Projects have also included
managing part of a multimillion-pound post-merger integration programme in
financial services and internal audit assessments at leading digital banks in
the UK.

 

David holds a degree in Physics from the University of Southampton. David can be
contacted at




ABOUT THE AUTHORS

Thomas Lee Ph.D. is the CEO of the Silicon Valley based VivoSecurity, a company
focused on data collection, regression modeling and AI to quantify cyber
security risk.

 

Thomas has spoken at the Richmond Fed research conference 2018, invited
participant at Richmond Fed cyber security workshop 2019, invited speaker at
O.R.X Toronto & Milan 2018, speaker at OpRisk North America 2018, ACAMS panelist
2019, PRMIA NYC & BCG 2018, multiple patents for quantifying cyber security
risk.

 

Thomas holds degrees in Physics and Electrical Engineering from the University
of Washington in Seattle, and an MS and PhD in Biophysics from the University of
Chicago.