A Vendor Management Policy is put in place so an organization can tier their vendors or agents based on risk.
A policy like this identifies which vendors put the organization most at risk and then expresses which controls the company will implement to lessen this risk. We’ve got it all covered at Sixgold Technologies.
As recent highly publicized data breaches expose weaknesses in managing data protection throughout integrated processes, leading organizations are establishing vendor management programs to clearly define controls and enforce compliance with vendor organizations. Sixgold Technologies has developed proven templates and processes to manage vendors and service providers in compliance with PCI, GLBA, HIPAA, and other state and federal regulations.
In recent years, more and more cyber security incidents have taken place as a result of insecure third-party vendors, business associates and contractors.
Sixgold Technologies advises senior management on processes and organization structure to effective design and controls and enforce compliance with controls throughout the organization.