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Tag - Vendor risk management strategy

Vendor risk management strategy

Three Reasons to Establish a Vendor Risk Management Strategy

Budgetary pressures and evolving technology are pushing more businesses and organizations to use third party vendors for a variety of IT and business process functions. While often convenient and financially helpful, this practice also opens up companies to risks regarding regulatory compliance and data security. Establishing a vendor risk management strategy can help organizations minimize their exposure to losses related to the use of third party vendors. For business leaders still weighing whether vendor risk management software and planning are [...]

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