Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

Third-party data breaches are growing in prominence across the healthcare sector. In 2022, 55% of healthcare organizations suffered a third-party data breach, exposing the personal healthcare data of millions of individuals to malicious actors. To combat this, healthcare organizations must implement third-party risk management strategies as part of HIPAA requirements to protect patient data and prevent these devastating data breaches.

You understand the importance of a Vendor Risk Management strategy in mitigating the impact of third-party data breaches. However, you’re still unsure about its application to different vendor cyber risk contexts. To help you bridge this application gap and leverage the complete benefits of a Vendor Risk Management process, this post outlines three common examples of vendor security risks and how a VRM program could be tailored to address them. Learn how UpGuard streamlines Vendor Risk Management >

Vendor Risk Assessment processes form the core of a Vendor Risk Management program. As such, the efficiency of a VRM program is ultimately dependent on the design of its risk assessment processes. This post guides you through the design of an efficient vendor risk assessment framework in six steps. By implementing this framework, you can establish an efficient risk assessment workflow built upon a scalable process foundation. Learn how UpGuard streamlines vendor risk assessments >

If you’re new to vendor risk assessments, this article includes a real-life example of service provider risk assessment, helping you understand their structure and the details they entail. Learn how UpGuard streamlines vendor risk assessments >

‍The process of achieving goals, whether long-term, short-term, personal, or professional, starts with harnessing the available relevant data. In fact, the more information gleaned beforehand, the more likely the mission will be a success. However, the details required for devising an effective plan exist at various granular levels, some overarching, focusing on the broader elements, and others more minute.