Attorneys Create New Control Framework The Association of Corporate Counsel (ACC), which represents over 42,000 in-house counsel across 85 countries, recently released a new control model to help organizations interact with outside parties when dealing with sensitive information. This is among the many new business domains areas where vendor risk management has become a key issue. […]
Tag Archives: vendor risk management
In January the Department of Health and Human Services (HHS) released the much-awaited final updates to the HIPAA Security, Privacy and Enforcement Rules. These updates, known as the “Omnibus Rule” were required by the HITECH Act and have been in proposal form since 2010. The new law incorporates some major changes in the HIPAA security […]
Assessing the risk of third-party vendors has been a growing problem for compliance management. Because of the growing number of data breaches related to third-parties, regulators have been focusing on the inherent risks of outsourcing. Within the financial services industry, this has long been accomplished via a SAS70 (now SSAE16) type audit. Within the U.S. [...]