Organizations today are not simply comprised of one internal, siloed team. Nearly every company, small and large alike, collaborates with partners, vendors, and other third parties.

While integrations and other technological advances have propelled modern organizations forward in many ways, data is becoming more and more vulnerable to being exposed and collected by bad actors. With so many moving parts pushing an organization forward, companies today must know who has access to their data—making vendor risk management (VRM) a critical business practice.

From legally protected personal information, to intellectual property and patents, to health care records and more, ensuring your data stays safe has to be a top priority. When you have a strong vendor risk program, you are expecting the best and preparing for the worst.

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