Andrew Hout, Modulo's Senior Project Manager, will show how institutions can tackle security issues caused by third-parties

MONTCLAIR, N.J., Oct. 14 /PRNewswire/ -- Vendor Risk Management has become a priority for companies to effectively manage the information provided to third parties since vendors and partners have access to the same information as internal employees. The problems arise when the outsourcing companies do not monitor their vendors or partners. This lack of monitoring can cause major problems such as leaks involving customers' and workers' personal data, confidential business information and other issues.

"There has been growing regulatory review all over the world as financial institutions increase the number and scope of these relationships and the number of breaches of these third parties has multiplied," explains Andrew Hout, Modulo's Senior Project Manager and specialist in vendor risk management.

On October 16 at 9 am, Mr. Hout will be leading a lecture at ISACA IT GRC Conference 2009 on how organizations can control the key activities for an effective management process, improving their diligence in selection, contracting, supervising and monitoring third parties.

The event will host Modulo and six other exhibitors to demonstrate the current and biggest challenges faced by companies interested in maximizing their outsourcing programs, including issues regarding best practices for outsourcing during an economic period that is constantly changing.

ISACA IT GRC Conference will take place at M Resort, Spa and Casino, in Henderson, Nevada, from October 14 to 16 and will show the best practices and guidance related to IT governance, risk and compliance (GRC).

About Andrew Hout - With over 25 years of experience in Information Technology, Mr. Hout was responsible for the integration of the Shared Assessments program into the Citi Service Provider assessment process and was the 2008 co-chair of the Shared Assessments program TDC (Technical Development Committee).

About Modulo - Modulo (http://www.modulo.com/) is a market leader for IT Governance, Risk and Compliance (IT GRC) management. Modulo Risk Manager(TM) provides organizations with the tools they need to automate the processes required for assessing security vulnerabilities and attaining regulatory compliance. Recent honours received by Modulo include: Hot Company 2009 and Global Excellence Customer Trust Award 2009 (Global Product Excellence in Auditing for Modulo Risk Manager).

    Additional resources:
    Modulo Risk Manager(TM) overview
    (http://www.modulo.com/products/modulo-risk-manager-overview.jsp )
    Vendor Risk Management
    (http://www.modulo.com/solutions/vendor-risk-management.jsp )

ISACA IT GRC Conference 2009 (http://www.isaca.org/Template.cfm?Section=Education_and_Conferences1&Template =/ContentManagement/ContentDisplay.cfm&ContentID=51466_ )

SOURCE Modulo

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