20 C
October 3, 2023
Big Data

What Vendor Risk Can Do to Your Company and How to Manage It

Vendor risk is a natural part of doing business when you work with third-party vendors. You can’t really have full control over what your third-party vendors and suppliers do, but you need to minimize the risk of them causing trouble for your company by failing to meet their obligations. If you don’t, your company could suffer. Without appropriate vendor risk management, your company could find itself held accountable for the failure of a third party to adhere to regulatory requirements. You could find yourself struggling with a break in the supply chain, fighting a data breach, or struggling to repair…
What Vendor Risk Can Do to Your Company and How to Manage It

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