Steps To Build An Enterprise Third-Party Risk Management Program

Steps To Build An Enterprise Third-Party Risk Management Program

Vendor or enterprise third party risk related breaches are at an all time high. Several of the high profile breaches like Uber, Amazon, British Airways & more has been caused due to 3rd party. Most of the major security related framework, guidelines, compliance and regulations has made 3rd party risk management a mandatory part of overall security program. Following are the key steps for building an effective third party risk management (vendor risk management) program.