The Complete Guide to Vendor Risk Assessment

What if a single vendor breach could jeopardise your entire business operations? In today's interconnected world, the risks posed by third-party vendors are more significant than ever before. According to a February 2023 HIPAA Journal article, more than 98% of primary companies had a business engagement with a vendor that had a data breach in the previous two years. In this comprehensive guide, you'll uncover the intricate anatomy of vendor risk assessment, dissecting the critical components that form the foundation of an effective strategy. From developing a uniform methodology to leveraging cutting-edge risk assessment tools, you'll learn best practices that streamline compliance, optimise workflows, and provide real-time visibility into potential risks.