Guide

Vendor Risk Management Guide

Vendor Risk Management Guide

Vendor Risk Management Guide

Pages 15 Pages

This guide addresses the growing privacy and security risks introduced by third-party vendors. It explains regulatory expectations under laws such as GDPR, CCPA, and HIPAA, emphasizing shared responsibility and accountability for vendor data handling. The guide outlines best practices for vendor inventory, risk assessment, contract management, monitoring, and termination. It highlights common causes of vendor-related breaches and the financial, legal, and reputational consequences of inadequate oversight. Designed for privacy, procurement, and security teams, the guide provides a structured framework for building a scalable, defensible vendor risk management program.

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