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Riskonnect Enters into Agreement with Big Ten Academic Alliance

November 13, 2018

ATLANTA--(BUSINESS WIRE)--Nov 13, 2018--Riskonnect, the leader in integrated risk management solutions, today announced that it has entered into an agreement with the Big Ten Academic Alliance, a consortium of 14 top research universities. Riskonnect will help the consortium’s chief information security officers improve transparency and collaboration among participating universities.

Keith Marshall, Executive Director of the Big Ten Academic Alliance, says, “this effort is expected to streamline the security review process at the participating campuses thereby reducing costs and creating efficiencies. It is a prime example of the culture of collaboration that exists among Big Ten Academic Alliance members.”

Riskonnect will provide vendor risk management services and develop a shared platform for the universities to streamline the security review process for third-party vendors. The platform also will serve as a channel through which members can share security assessment information, thereby increasing efficiency and improving the vendor selection process.

“Vendor risk management continues to be an area of concern for all markets, including higher education, with recent research showing nearly 60 percent of data breaches involve a third-party,” said Jim Wetekamp, Riskonnect CEO. “In working with the Big Ten Academic Alliance, Riskonnect has the opportunity to develop a collaborative platform that will strengthen participating institutions’ risk management systems and develop mitigation strategies that allow them to avoid unnecessary risks.”

The software implementation is scheduled to begin in November 2018, with the completed platform launching in early 2019.

About Riskonnect

Riskonnect is the leading global integrated risk management solution provider that enables organizations to anticipate and manage strategic and operational risks across the extended enterprise. Its unique, holistic approach to integrated risk serves more than 900 companies across 6 continents. Riskonnect has operations in the Americas, Europe and Asia employing more than 500 risk management experts. To learn more, visit www.riskonnect.com.

About the Big Ten Academic Alliance

Headquartered in the Midwest, the Big Ten Academic Alliance is the nation’s preeminent model for effective collaboration among research universities. For more than half a century, these world-class institutions have advanced their academic missions, generated unique opportunities for students and faculty, and served the common good by sharing expertise, leveraging campus resources, and collaborating on innovative programs. Governed and funded by the Provosts of the member universities, Big Ten Academic Alliance mandates are coordinated by a staff from its Champaign, Illinois headquarters.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181113005005/en/

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KEYWORD: UNITED STATES NORTH AMERICA GEORGIA

INDUSTRY KEYWORD: EDUCATION UNIVERSITY TECHNOLOGY DATA MANAGEMENT NETWORKS SOFTWARE SECURITY

SOURCE: Riskonnect

Copyright Business Wire 2018.

PUB: 11/13/2018 09:00 AM/DISC: 11/13/2018 09:00 AM

http://www.businesswire.com/news/home/20181113005005/en

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