Category Archives: Vendor Risk Management

Components Of An Effective Third-Party Due Diligence Program
Posted by

Components Of An Effective Third-Party Due Diligence Program

Third-party intermediates such as distributors, resellers, agents, service providers, or business consultants are contracted to rapidly create a presence in or access to new or emerging markets. They can work as the first foothold in opening a commercial presence, both domestic and internationally. Also, they can provide insights of the local business environment and their […]

Ensuring Resilient Cyber Safeguards in Cloud Applications
Posted by

Ensuring Resilient Cyber Safeguards in Cloud Applications

Assessing Cloud Application Vendors from a Security Perspective Enterprises of all structures and sizes across the globe have been adopting cloud for all needs – for computing, storage, databases, to hosting business applications. They are also proactively addressing cyber-security needs – both as dictated by internal Info-Sec controls, as well as those coming from external regulatory mandates. For enterprises […]

How to Mitigate Risk Exposure from Vendor Relationships
Posted by

How to Mitigate Risk Exposure from Vendor Relationships

Outsourcing business activities to a vendor does not include outsourcing the risk and compliance responsibilities. Relying heavily on vendors, with low or limited visibility into the vendor networks, exposes organizations to high risks. Therefore, understanding and managing vendor risks is crucial to maintain sustainable businesses. With a strong Vendor Risk Management (VRM) program companies can […]