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10 Best Practices for Sharing Sensitive Information with Vendors

  • 10 Best Practices for Sharing Sensitive Information with Vendors-

    Don't Allow Access from Unapproved Devices

    Don't allow third-party users to access your data using unapproved devices. Anyone accessing sensitive information should be using their work-approved computers on approved networks. If someone decides to access your information on a personal laptop at a coffee shop, your organization can't adequately monitor usage — and the likelihood of someone gaining access to your "crown jewels" is far more likely.

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10 Best Practices for Sharing Sensitive Information with Vendors

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  • 10 Best Practices for Sharing Sensitive Information with Vendors-10

    Don't Allow Access from Unapproved Devices

    Don't allow third-party users to access your data using unapproved devices. Anyone accessing sensitive information should be using their work-approved computers on approved networks. If someone decides to access your information on a personal laptop at a coffee shop, your organization can't adequately monitor usage — and the likelihood of someone gaining access to your "crown jewels" is far more likely.

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.