Risk and compliance specialist HITRUST has formed the HITRUST Third-Party Risk Management (TPRM) Council to foster collaboration between companies, third-party vendors, and advisory service firms.
The mission for the TPRM Council is to drive efficiencies and effectiveness as it relates to identifying, assessing, and mitigating risk in the complex supply chain ecosystem.
Founding members of the TPRM Council are global security, risk, compliance, and audit executives representing a diverse cross-section of organisations including Amazon Web Services, Google, Mastercard and Microsoft Azure. TPRM Council members are committed to identifying and supporting approaches to improve the current TPRM process—with a focus on increasing effectiveness and reducing inefficiencies.
“One of our goals for the Council is to ensure organisations are considering the impact on the supply chain as they mandate assurance requirements on their third parties,” said Bryan Cline, chief research officer at HITRUST.
“We are providing a collaborative forum for customers, their vendors, and their advisors to discuss these challenges, identify actionable solutions, and provide inputs directly to…
