Vendor Risk Management Best Practices

by | Mar 30, 2016

A number of recent cyber thefts have been identified as having high risk third party vendors. This was once of no real concern and then huge cyber breaches occurred and consumers were angry and scared. This has resulted in corporate directors, CFO’s and CEO’s taking a much harder look at this problem.

Vendor Risk Management Tools

Third party vendors are very important to any large company and a crucial part of doing business, but often, these are smaller businesses that simply don’t have a budget for the best security risk solutions. Your directors and managers must take on the problem themselves working with these vendors to find a workable solution to a growing problem.

Security Risk Solutions

The guidelines for Vendor Risk Management Best Practices are being rewritten all too often, when a large organization suffers a cyber breach and important information is leaked to the public. Though this leaves everyone feeling vulnerable, it’s a problem that does have a solution.

The Right Solution

With Cybernance we’ve developed a comprehensive corporate strategy that deals with each level of risk when doing business with third party vendors. Our NIST-based standard works to assess vendors, as well as your own risks. This helps to limit your liability from shareholders and regulators. This solution comes just in time for many organizations and encompasses every issue faced by your company and third-party vendors. You can once again feel safe about working with third-party vendors.

Please contact Cybernance today to learn more. Protect your managers and your company from litigation.

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