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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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Tips for Managing Third-Party Risk in Health Care

Reciprocity

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. The program includes numerous activities that work together to strengthen their security posture. Access to Personally Identifiable Information. Vendor Due Diligence.

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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. This chain of activities results in an increasingly complex, geographically vast, and multi-tiered supply network. There will be edge M&A activity as the technology matures and presents a credible alternative to hyperscale clouds.