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Tips for Managing Third-Party Risk in Health Care

Reciprocity

Data breaches against healthcare organizations affected more than 1 million people in 2020. The average total data breach cost in the same year was far higher in the healthcare industry ( $7.13 As one can see, the healthcare industry is one of the most attractive targets for cyber attackers and data thieves.

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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. If your vendor needs to meet a compliance standard or regulation, check recent security audits to review how well it manages compliance with that standard. What Are the Most Common Vendor Risks?

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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. Organizations use video conferencing to discuss M&A, legal, military, healthcare, intellectual property and other topics, and even corporate strategies.