How to Secure Your Data in Third-Party Hands
In the past few years, third-party risk has become a major point of emphasis in cyber security and data privacy discussions across the world. Third-party vendors were responsible for nearly 10% of data breaches in 2015, and high profile breaches at Target and Home Depot have only elevated these concerns.
In this paper, we highlight the vendor management lifecycle and walk through the process of building a sound vendor risk management program step-by-step. This paper will provide you with guidance on:
- Identifying the need for third-party services
- Performing third-party security reviews
- Reviewing vendor agreements
- Ongoing monitoring of vendor activities
Understanding the risks introduced by third-party vendors is the first step to managing them effectively, allowing you to protect your data, customers, and reputation.