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Tips for Managing Third-Party Risk in Health Care

Reciprocity

Site content audits and script monitoring also help manage and minimize the risks of third-party scripts and plugins. Access Assessment evaluates who has access to which data, how they got access, what they’re doing with it, and if they should still have access. Access to Personally Identifiable Information.

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Important KPIs for Successful Vendor Management

Reciprocity

Before outsourcing your business processes or striking some other deal with vendors, you do need to assess the risks they pose. After acceptable risk levels have been established, evaluate vendors’ security performance — and if a vendor’s cybersecurity is too lax for your tastes, require that vendor to make improvements as necessary.

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33 Data Privacy Week Comments from Industry Experts in 2023

Solutions Review

On top of that, these suppliers themselves outsource their material to second-tier suppliers. Other approaches include using encryption, implementing strict access controls, and regular monitoring and auditing systems. This chain of activities results in an increasingly complex, geographically vast, and multi-tiered supply network.