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-7 Next

Don't Create Generic Security Expectations

Don't create a generic expectation for security. You've probably heard of companies requiring their vendors to provide an "adequate" level of security. This is not a good practice, because "adequate" can be interpreted many different ways. You have to be clear about expectations in regard to security if you want to decrease your chances of third-party security issues. Ideally, you should cite an industry standard like ISO27001, NIST800-53, or the PCI data security standards.

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

infra100-190x128 Top 10 Strategic Technology Trends for 2017

Here are the top 10 strategic technology trends that will impact most organizations in 2017. Strategic technology trends are defined as those with substantial disruptive potential or those reaching the tipping point over the next five years. ...  More >>

Compliance4-190x128 GRC Programs: Building the Business Case for Value

Experience shows that organizations that manage GRC as an integrated program — involving people, processes and technologies — are more successful in delivering value to their organizations ...  More >>

Social14-190x128.jpg 10 Ways to Improve Your Social Media Security Policy and Posture

When phone calls, video conference information, pictures, chat logs, etc. are all stored in a central location via social media, a potential hacker has access to just about everything, quickly and easily. ...  More >>

Subscribe to our Newsletters

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