Category Archives: Vendor Risk Management

Like Humpty Dumpty’s fall from the wall, a major data breach can crack a government
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Like Humpty Dumpty’s fall from the wall, a major data breach can crack a government

When governments suffer data leaks, the traditional fallout of breaches are combined with political scandal – the impact is multiplied and scrutiny magnified. Questions are asked around why information was withheld or, if announced soon after discovery, why it took so long to uncover. Just as a business suffers reputation damage after a breach, the […]

Uncover and Mitigate Third-Party Risks
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Uncover and Mitigate Third-Party Risks

Third parties have become an integral part of any business operation. However, the threats and issues arising from third-party engagements require enterprises to gain an in-depth understanding of their entire global third-party ecosystem. Failing to curb third-party risks can lead to severe reputational damage and loss of stakeholder and customer trust, but assessing third parties […]

Components Of An Effective Third-Party Due Diligence Program
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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
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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
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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 […]