It's important to assess the risks third parties and vendors pose across the board, and to do so consistently. But the risks posed by, say, outsourcing HR functions (or facilities security) are fundamentally different than those posed by technology vendors such as software and cloud providers. Assessing vendor or third-party risk is becoming more and more essential. There are particular concerns when it comes to IT vendors, which can inject unique vulnerabilities into an organization. Security professionals should be sure to have a framework for assessing these risks that aligns with overall enterprise risk, but also addresses specific concerns posed by IT vendors.
Why does Risk Management Matter?
Risk Management enables you to see and mitigate risk introduced through security threats, poor security designs and practices, as well operational security compliance gaps.
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