Guidelines for Third-Party Vendor Management Programs

Third-party service providers present difficult and unique privacy and cybersecurity challenges. Vendor management is important throughout the life of your relationship with your vendors. Vendor diligence starts during the vendor selection process, continues through contract negotiation, and ends when the parties terminate their relationship. The goal is to effectively improve the service your vendors provide to your company and allow your customers to realize the benefits of the arrangement, while mitigating the risk inherent in the vendor relationship. …third-party-vendors