From Spreadsheets to Streamlined: Automating the Third-Party Vendor Risk Lifecycle

Managing third-party vendor risk before, during and after onboarding is a continuous effort under global privacy laws and security regulations. While outsourcing operations to vendors can alleviate business challenges, managing the associated risk with manual tools like spreadsheets is complex and time consuming. To streamline this process, organizations must put procedures in place to secure sufficient vendor guarantees and effectively work together during an audit, incident – or much more. In this session, we'll breakdown a six-step approach for automating third-party vendor risk management and explore helpful tips and real-world practical advice to automate third-party privacy and security risk programs.