1 year ago

Organizations trust https://www.upguard.com/blog/third-party-vendor to manage large volumes of sensitive customer data, with outsourcing increasing across all industries, including the highly-regulated https://www.upguard.com/blog/cybersecurity-regulations-and-frameworks-healthcare and https://www.upguard.com/blog/cybersecurity-regulations-financial-industry. Further, https://www.ibm.com/security/data-breach 2022 Cost of a Data Breach Report found https://www.upguard.com/blog/cost-of-data-breach from US$4.33 million to US$ 4.55 million.

Vendor Risk Matrix by UpGuard https://www.upguard.com/demoCC9.2 The entity assesses and manages risks associated with vendors and business partners.

Assesses Vendor and Business Partner Risks

Assesses Compliance with Privacy Commitments of Vendors and Business Partners