Integration of Vendor Risk and Remediation
Depending on the kind of business you are in, your vendor requirements would differ. There could be vendors who help you manage the devices in your organization. Some would manage the network services by fulfilling your internet or local area network requirements, while others could be providing your organization with cloud services for data storage and sharing. Some would be actively involved in helping you secure your data assets, such as antivirus or anti malware software providers. There could be vendors that process your employees’ or customers’ data to help with the credit card or other financial transactions. Whatever is the nature of your data transactions with your vendors, you are constantly exposing your organization’s framework to vendor-related risks of varying intensities. Here are some of the risks which the vendors assisting you in your business can pose.
Depending on the kind of business you are in, your vendor requirements would differ. There could be vendors who help you manage the devices in your organization. Some would manage the network services by fulfilling your internet or local area network requirements, while others could be providing your organization with cloud services for data storage and sharing. Some would be actively involved in helping you secure your data assets, such as antivirus or anti malware software providers. There could be vendors that process your employees’ or customers’ data to help with the credit card or other financial transactions. Whatever is the nature of your data transactions with your vendors, you are constantly exposing your organization’s framework to vendor-related risks of varying intensities. Here are some of the risks which the vendors assisting you in your business can pose.