Thoroughly assessing a vendor can be like climbing a mountain every time. You need completed vendor surveys to remain in compliance and protect your sensitive data, but each vendor survey can be incredibly time AND resource consuming.
One-time assessments are just the tip of the iceberg. If you’re relying only on one-time assessments, you risk missing critical information about your vendors that can affect the security of your systems and your data.
As the cost of data breaches continues to grow, organizations must do everything to protect their data from cyber attacks.
As you navigate the ever-increasing jungle of regulations, breaches and increasing cyber threats, you’re frequently met with dangerous pitfalls.
One of the challenges facing the third party risk community is the inability to gauge the risk of small vendors, those with only 2 to 100 employees.
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