A Comprehensive Approach to Third Party Risk Management
What’s the Purpose of Third Party Risk Management?
Your company deploys advanced IT security controls and follows best practices to prevent unauthorized access to your systems and protect sensitive company and customer data. Unfortunately, it’s not enough. It’s not enough because there is an entire spectrum of risks you don’t directly control – access to your systems and sensitive data by your vendors.
Simply stated: the overall security of your data and systems is dependent on the risk controls provided by your vendors.
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