Frequently Asked Vendor Monitoring Questions
Vendor monitoring is incredibly important to the safety and soundness of your organization. Vendor breaches are prolific in the news, and can cost your organization in reputation and regulatory scrutiny.
Here are a few questions we've compiled based on best practices and our experiences that will help keep your vendor monitoring effective. We've given our insights for each question, so you can better understand and implement your vendor management program.
This article answers questions like:
- Why do I need to review each vendor's SOC report?
- What information should I be looking for within a contract review?
- What expertise should I have on my team?