Third Party Risk Management in the Cloud: The Challenges of Managing Third Party Risk in Cloud Environments
Cloud services create tremendous advantages for large organizations in terms of agility, cost savings, and reduced infrastructure complexity. However, distributing a wide range of services across a global cloud backbone while serving millions of customers and thousands of institutions dramatically increases the challenge of maintaining compliance relative to third party risk. Large financial institutions are on an inexorable march to the cloud; yesterday’s disclosure and compliance processes don’t have a chance of effectively addressing compliance at cloud-scale for financial organizations of any size. This session will address these issues, and the future of compliance at cloud-scale.
Jake McDonald, Director, CBIZ Credit Risk Advisory and Ed Sullivan, Founder and CEO, Trust Exchange
Ed Sullivan, Founder and CEO, Trust Exchange