Today’s headlines are full of horror stories about data breaches, supplier mishaps, and privacy violations caused by vendors that resulted in major financial and reputational blow-back on the organization. Are you next?
Third-party suppliers bring all manner of security and reputation-threatening issues to your doorstep. They are often the easiest way into your company. Those suppliers may have their own suppliers, which have their own suppliers. The list goes on – bringing added exposure at every level.
Third parties can even pose a risk after the business engagement has concluded.
As corporate reputations become increasingly fragile to bad news, maintaining the status quo while hoping for the best is simply not an option. Keeping your company out of danger requires advanced measures and tools.
Do you have what it takes to stay on top of third parties throughout your relationship?