DEMOS SLATED FOR NEW VENDOR
RISK MANAGEMENT TOOL
MADISON, Wis. – (Jan 6, 2009) – Credit union professionals can find out more about VendorTrack — the Web-based vendor risk management solution from CUNA Strategic Services (CSS) and TraceSecurity —through several upcoming demos.
The free online demos, which will explore the product and its functionality, are schedule for 1 p.m. (CST) on the following four Wednesdays: Jan. 7, Jan. 21, Feb. 4, and Feb. 18.
VendorTrack helps credit unions ensure that their third-party vendors comply with regulatory responsibilities and best practices when dealing with sensitive information. It allows credit unions to centralize vendor data, manage relationships, assess vendor risk, and ensure compliance with policies and controls. More specifically, VendorTrack will:
- Provide a centralized solution for vendor management that secures uploads and data stores for documents such as the policies, procedures, financials, SAS 70, and other critical due diligence information.
- Create and maintain a list of current vendors and the importance of each relationship.
- Upload third-party contracts and receive e-mail notifications to track contract dates.
- Access vendor due diligence files that contain responses to CSS' due diligence questionnaires, or credit unions can upload their own due diligence files and information.
- Receive e-mail notifications for timely due diligence updates.
- Offer a resource to prospect and compare potential new third-party relationships.
- Utilize other due diligence resource information including request for proposals, business plan, and risk management templates.
The basic functionality of VendorTrack is now available to credit unions at no cost.
For more information or to sign up for an online demo, go to www.strategicservices.cuna.org, and select a link for an online demo date under the "Upcoming Webcasts" section. For more information about VendorTrack or any of the products available to credit unions through the CUNA Strategic Services, TraceSecurity alliance, contact Debbie Bergenske, alliance manager for CUNA, at (800) 356-9655, ext. 4340, or by e-mail at dbergenske@cuna.coop.
About CUNA Strategic Services
CUNA Strategic Services Inc., owned jointly by Credit Union National Association (CUNA) and the state leagues, provides credit unions with access to high quality products, services, and technologies delivered with a competitive advantage made possible through volume pricing and strategic program development. CUNA serves 90 percent of America's 8,000 credit unions, which are owned by more than 91 million consumer members. Credit unions are not-for-profit cooperatives providing affordable financial services to people from all walks of life. For more information, visit www.strategicservices.cuna.org.
Vendor Track is a registered trademark of CUNA Strategic Services.
About TraceSecurity
TraceSecurity is a leading provider of security compliance and risk management solutions. The company helps organizations of all sizes to achieve, maintain and demonstrate security compliance while significantly improving their security posture. Key to TraceSecurity's success is the company's comprehensive patent-pending methodology that helps clients address all of the critical components of a successful security compliance program; people, process and technology.
TraceSecurity delivers its solutions through an integrated software-as-a-service platform backed by expert professional services and comprehensive security awareness programs. The company's flagship offering, TraceCompliance Manager, is the first comprehensive solution to automate regulatory compliance audits, board level reporting, policy management, vulnerability assessment, and employee education and testing. The company's expert professional services include onsite security audits, and social engineering. The security awareness programs include an exhaustive set of standard offerings as well as custom designed courses. With over 800 clients, TraceSecurity supports the risk management and security compliance efforts of organizations in financial sectors. For more information, please visit
www.tracesecurity.com.
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Note: TraceSecurity is a trademark of TraceSecurity, Inc.
FOR IMMEDIATE RELEASE:
Katye Long
CUNA Communications
(608) 231-4038
klong@cuna.coop
