10 Best Practices for Sharing Sensitive Information with Vendors

Email     |     Share  
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13
Next 10 Best Practices for Sharing Sensitive Information with Vendors-5 Next

Do Share Only the Minimum Information Required

Do share only the minimum information required for your vendor to meet your objectives. If, for example, your vendor will be monitoring your HVAC system remotely, you'll want to ensure that they only have access to the part of your network that controls HVACs, and virtually nothing more. Such access management could have saved Target from its massive, highly publicized breach that affected the personal information of over 110 million customers.

Deloitte published a report recently, noting that "the market is currently underinvested in the area of vendor management, particularly when it comes to tools, methods and processes." This same report also noted that businesses are increasingly outsourcing functions. As vendors have become more important in the day-to-day functioning of businesses, companies need to ensure that their data is safe on these third-party networks.

For organizations that are just getting started with a formalized vendor risk management (VRM) program, BitSight Technologies has prepared a list of the do's and don'ts of sharing sensitive information with vendors.

 

Related Topics : Unisys, Stimulus Package, Security Breaches, Symantec, Electronic Surveillance

 
More Slideshows

PAM PAM Solutions: Critical to Securing Privileged Access

To protect the company from those insiders who abuse their privileged access and from hackers with stolen credentials, many companies are turning to a privileged access management (PAM) solution. ...  More >>

Fake news How Can We Fix the Fake News Problem?

Is fake news a security issue? Some say yes, as it can be used as a social engineering tool to spread disinformation and conceivably to get unsuspecting users to click on malicious links. ...  More >>

blockchain The World According to Blockchain

Blockchain comes with many costs and is surrounded by confusion. Here, we examine realistic use cases, drawbacks and the potential of blockchain. ...  More >>

Subscribe to our Newsletters

Sign up now and get the best business technology insights direct to your inbox.