What is supplier due diligence?
Supplier due diligence is an action taken by an organisation to identify and understand the credibility and suitability of a prospective partner or vendor. Conducting supplier due diligence can help guide decision-making when choosing the right vendor, detect risks with potential suppliers and protect customer data in the process. It's also considered good business practice and can help mitigate future financial and reputational damage caused by a data breach.