Set Loss Prevention Protocols
Monitor and manage third-party relationships with specific loss prevention protocols.
Like most organizations, you are probably reliant on third-party vendors and business partners, who help to supply a service or product offering, or simply take on a process that your organization benefits from outsourcing. Since the core principle is that the originating organization is responsible for all data collected, you must follow specific safety protocols when working with other partners. It's vital that your business partners understand your expectations in regards to data protection, security operations and protocols.
Begin by vetting and selecting your partners and vendors carefully – it's tempting to partner with the vendor who comes in at the lowest bid, but you'll want to consider track records and expertise just as much as cost. Take additional steps to ensure you're managing risk that's naturally prone to occur as you expand your circle of operations – and CIOs, take note! Two-thirds of information loss occurs through third-party channels, so limit access to your network to only those entities who require it, and don't stop there. Identify and put parameters in place to safeguard your network and assets.