10 Best Practices for Sharing Sensitive Information with Vendors

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Do Continuously Monitor Third-Party Contractors

Do continuous monitoring of your third-party vendors and contractors with respect to cybersecurity. Even if you put your vendors through all kinds of audits — which you should — you still don't know what is going on in their network on a day-to-day basis. Continuous monitoring software helps you keep an eye on all your vendors, so you can make better, data-driven decisions.

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

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