How Do I Manage My Vendors?
With increasing regulations on cybersecurity and data privacy, chances are your vendors are expected to comply with governing standards for their industry. Vendor management is simply tracking their compliance, not only at the time you form a business relationship, but also as the years pass. If you have multiple vendors linked to your business, this can become overwhelming very quickly.
CyberCompass offers vendor management built into our tool. Choose your vendors from our preloaded database or add your own. Keep all your documentation, such as your Mutual Non-Disclosure Agreement (MNDA), stored in our encrypted vault. Track their yearly risk assessment to ensure they are doing their due diligence to protect your customers’ data.
Keeping your own documentation can protect you in the event of a breach. Read our case study of helping a business avoid a fine by determining the breach was caused by a vendor.