Over 90% of the world’s data has been generated in the last few years. Accompanying this rapid growth in data comes exponential risks, as witnessed by the spike in cyber attacks of which no organization seems immune. The financial rewards gained by the perpetuators of cyber attacks is blatant, and this is driving continued attacks on companies containing massive amounts of consumer data. For these companies securing data is only half the battle. The risks can be greater when data is transmitted externally, hence it is critical that organizations know where sensitive data is going, how it is being transmitted, and how it is being handled and stored.

Corporations give their law firms more sensitive information than any other type of vendor. Yet surveys show that 70% of companies do not assess the security of their firms and legal service providers. The Association of Corporate Counsel through its 10,000 member companies is looking to change this. Based on a new and innovative model, ACC recently launched its Data Steward Program for assessing and accrediting law firms. Developed through an industry-wide collaboration, this global program is set to be the standard in the legal industry.

Companies work with third-party vendors to help them become leaner, more agile, flexible, and efficient, so they can go to market faster and beat the competition. However, onboarding remains the most time consuming and pressurized part of the process, as security leaders try to balance meeting the demands with the business with the fundamentals of good security. According to Gartner it now takes an average of 90 days to onboard a new vendor, 20 days longer than four years ago. Furthermore, the recent large scale shift to work from home in response to COVID-19 has accelerated the adoption of new vendors as companies try to enable a newly remote workforce, adding even more pressure on third-party risk managers to onboard and operationalize third-parties faster than ever. On this self-study course you will learn how third-party risk managers can create faster, less costly and more scalable onboarding processes that enable the business to grow faster and become adaptive to a changing environment.