Vendor Risk Assessment Checklist: A Rubric to Get You Started
Vendor risk management is crucial for businesses today. With numerous third-party tools and software vendors, organizations face an expanding threat landscape. This white paper offers a vendor risk assessment checklist to help evaluate and mitigate these risks.
Key topics include:
· Defining inherent versus residual risk and understanding risk management goals
· Creating a rubric to assess data sensitivity, business criticality, and vendor access
· Collecting data from internal and external sources for the risk assessment
· Calculating inherent risk scores to prioritize vendor reviews
Follow this guide to strengthen your third-party risk management program and ensure security.