November 13, 2019
Regulators expect diligent oversight, which costs time, which is well… money. A good vendor management plan can be a worthwhile investment, considering the devastating consequences of a data breach, but it should be made proactively and thoroughly as possible. Vendor monitoring should include reviews of quality of service, risk management practices, financial condition, and applicable security/IT controls, policies, and reports. Take a look at this quick one-page to learn the 5 most effective vendor monitoring methods.