Vendor risk management explained: Plan for action

What is your organization doing to protect business information against the potential threat vendors present? Setting your organization up to take a tailored approach to vendor risk management and mitigation can make your processes more efficient, allowing your business to focus on what it does best.

Today, we aim to break down the particular of vendor risk management and make better sense of why your organization should have an approach planned.

What are Vendors?

A vendor is a term that refers to a general group of individuals that provide tangible things to your organization. Watch the clip below explaining different terms that vendors are known as across different industries.

 

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