Category Archives: Vendor Due Diligence

3 Poor Vendor Management Practices to Avoid

In 2013 A Trustwave investigation of 450 data breaches that occurred worldwide found that 63 percent of them were linked to a external third-party product or service of IT administration. As usual, after further investigation, nearly all of the affected companies were pretty confident that their company information was secure with the vendor. The fact is, these breaches still occurred,...
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Conduct The Right Vendor Due Diligence At The Right Time

Due diligence is a key component of vendor management Why Perform Due Diligence On Your Vendors? The due diligence process ensures that your company has a consistent & reasonable approach to vetting its vendor relationships — especially if the vendor is providing a core business function or has access to non-public confidential information. And Not Just At the...
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Five things to know about 3rd party vendor screening

With so many headlines about data breaches, many caused by 3rd party vendors, reading news about a security compromises is becoming a too frequent event. Following the trend of breaches taking months to be discovered, some can take almost a year to discover. Even though many compromises are internal, the impact delay is another reason why...
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Seven Areas of IT Risk which must be addressed by Your Third-Party Risk Assessments

Information technology risk, like all commercial risk, it's business as usual. An every day activity which can severely impact conducting business if not managed. In fact, it’s only getting more perilous with the rise in cloud based providers. A December 2011 Gartner report estimates that the financial impact of cybercrime will increase 10 percent per...
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