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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

And that suffering now extends far beyond the potential for Health Insurance Portability and Accountability Act ( HIPAA ) regulatory non-compliance brought on by lost or stolen data; instead, the breaches affect healthcare organizations’ capacity to function and pose a risk to patient safety. Third-party Risk Assessment.

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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. Privacy and security concerns increasingly impact multiple vertical markets, including finance, government, healthcare and life sciences, telecommunications, IT, online retail, and others, as they quickly outgrow legacy data storage architectures.