Source: www.upguard.com
What is Vendor Tiering? | UpGuardCategory: Software, Business, Security
Learn about new features, changes, and improvements to UpGuard: Vendor tiering is a method of classifying vendors based on the level of security risk they introduce to an organization. The basic vendor tiering structure consists of three levels - Tier 1, Tier 2, Tier 3, where Tier 1 represents high-risk vendors.
Applying the same level of risk assessment to each vendor is difficult to maintain, and in most cases, unnecessary.
This is the objective of vendor tiering - to streamline the vendor risk management process so that security teams are able to manage third-party risks more intelligently.
Vendor tiering helps security teams adjust the level of risk assessments performed at each vendor tier, rather than applying the same effort across all vendors.
Applying the same level of risk assessment to each vendor is difficult to maintain, and in most cases, unnecessary.
This is the objective of vendor tiering - to streamline the vendor risk management process so that security teams are able to manage third-party risks more intelligently.
Vendor tiering helps security teams adjust the level of risk assessments performed at each vendor tier, rather than applying the same effort across all vendors.
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