Three Drivers Behind Today’s “Overwhelming” Third-Party Risk Landscape

In the second episode of the DTCC Insights podcast, Bob Moncini, Chief Cyber Security Officer, caught up with Jason Harrell, Managing Director of Operational and Technology Risk and Yonesy Núñez, Chief Information Security Officer, to discuss the third-party risk management space, new and upcoming regulations, and recommendations for keeping up with the pace of change.

Catch part one of the conversation covering the aftermath of the CrowdStrike outage.

Key Takeaways:

The conversation highlighted three drivers behind the “overwhelming” activity in the third-party and vendor risk management space:

• Evolving Cyber Attacks: The cyber threat landscape continues to evolve, with more attacks on critical third parties.
• Integral to Integration: Access to emerging technologies requires third parties and vendors to be integrated into the delivery of financial products.
• Opening Pan-DORA’s Box: Regulatory authorities are increasingly looking at this space, notably including the EU and its Digital Operational Resilience Act (DORA).

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