Toronto, June 14, 2016 – PortfolioAid participated in this year’s conference on cybersecurity, hosted by the Investment Industry Association of Canada. Michael Werneburg, PortfolioAid’s Director, Risk, sat on a panel titled, “Engaging and Evaluating Vendors – Due Diligence and Other Considerations”. He explored PortfolioAid’s process of attaining and maintaining the industry’s high standard for third party risk management and securing a third party attestation audit.

The panelists jointly called for the formation of an industry clearing house that can manage cyber issues on behalf of member firms – including third party risks.