Do you use vendors with your business? Do they have access to any of your systems, data, customer information? Do you have a plan in place to manage your vendors and the information they can access and how to mitigate your risk exposure?
Understand your level of inherent risk with each third and fourth-party vendor.
Develop business processes, communication methods, and best practices for effective vendor relationship management.
Meet compliance requirements and avoid penalties while increasing protection and sensitivity of your customer’s data.