Cyber Risk

The Importance of Participatory Compliance with Your Critical Vendors

Posted: 05/26/2018 - 01:22
Actively participate in anticipatory compliance activities to monitor risk.

In a recent interview for a technical blog, I mentioned that I heard keynote speaker former U.S. Attorney General John Ashcroft (at the 2016 Securities Industry and Financial Markets Association’s (SIFMA) Internal Auditors Society conference) reference that organizations should prepare to adopt what he called “anticipatory compliance.” This concept involves outsourcers being able to demonstrate that they are actively anticipating, studying and acting on perceived threats (cyber and otherwise) both internally and with their outsourced business partners.

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