Implementing A Vendor Risk Assessment Process in 2024
A Vendor Risk Assessment (also referred to as a third-party risk assessment) is a critical component of a Vendor Risk Management program. As such, the overall impact of your VRM efforts hangs on the efficiency of your vendor risk assessment workflow. This post outlines a framework for implementing a streamlined vendor risk assessment process to prevent potential data breach-causing third-party security risks from falling through the cracks.