Learn more about the case Connelly v. United States. ...
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Do you ever feel the burden of endless third-party questionnaires?
Do they seem to be slightly different, yet similar at the same time? Do they seem to relate to various other frameworks that you follow and document, but they are not exactly the same?
If you feel any of these frustrations, some of the changes made to the Shared Assessments 2023 Standardized Information Gathering (SIG) Questionnaire may provide you a little sigh of relief!
For those that are not familiar, the SIG Questionnaire is a widely accepted tool that is used by many organizations as a part for their third-party risk management process, with the goal of a standardized questionnaire that can be used and relied upon in the industry.
As 2022 is quickly rolling to a close, we are seeing the beginning of releases for new templates and guidance for 2023. One of those new releases is the 2023 Shared Assessment Third-Party Risk Management Product Suite, which includes the updated SIG Questionnaire.
The various changes and additions to the SIG Questionnaire for 2023 will ensure that organizations have adequate coverage of all key and emerging risks as well as streamline the process and provide enhanced mapping to additional existing frameworks to avoid duplication of efforts, where possible.
The changes to the 2023 SIG fall into three buckets:
In addition to the SIG Questionnaire, Shared Assessments also offers the Standardized Control Assessment (SCA) Procedure and a Vendor Risk Management Maturity Model (VRMMM) that were also updated for 2023 as well.
Although these tools are less widely used, they are great resources to help your organization depending on the stage that your third-party risk management program is currently in.
Additional information regarding these tools can be found at www.sharedassessments.org/products/.
Schneider Downs is a registered assessment firm with the Shared Assessments Group, the clear leader in third-party risk management guidance. Our personnel are experienced in all facets of vendor risk management, and have the credentials necessary (CTPRP, CISA, CISSP, etc.) to achieve meaningful results to help your organization effectively achieve new vendor risk management heights. For more information or to get started contact us or visit us online at www.schneiderdowns.com/third-party-risk-management.
Learn more about the case Connelly v. United States. ...
Learn more about the case Connelly v. United States. ...
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