DevOps Articles

What is a Vendor Risk Management Program | UpGuard

In a threat landscape where organizations outsource vital business processes that leave https://www.upguard.com/blog/data-security in the hands of third-party information technology, https://www.upguard.com/blog/vendor-risk-management is increasingly important. A vendor risk management program in place provides your organization with an accessible, consistent, and scalable framework for monitoring and managing vendor risk exposure. It also allows organizations to proactively identify and remediate potential risks and ensure business continuity in the event of a https://www.upguard.com/blog/cyber-attack. This article details how to implement an effective vendor risk management program using risk management best practices.

The main risks vendors bring to an organization include: https://www.upguard.com/blog/cybersecurity-risk Operational risk Legal, regulatory, and compliance risk Reputational risk Financial risk