How to Maintain Effective and Secure Long-Term Vendor Relationships: Understanding the Risks (Part One of Two)
Once the critical process of vetting and selecting vendors is complete, the third-party oversight work begins. Change is inevitable – regulations, data sets, technology, products, circumstances – and organizations need to ensure that the vendor relationships keep up.
“In 2018, no vendor in the world should be put off by having conversations around how they’re managing their clients’ information,” Karen Hornbeck, senior manager at Consilio, explained. Organizations “need to be making a risk-based assessment” to measure third party risk. This “helps drive the overall business decision.”
Read more about How to Maintain Effective and Secure Long-Term Vendor Relationships in Part 1 of this series from The Cybersecurity Law Report.
This article was originally published on June 20, 2018.