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Vendor Risk Management Program (Third Party Risk Management)

Are you certain your company conducts sufficient due diligence on vendors’ privacy and security operations? Do you know how many vendors you actually have? Do your policies inform teams of what happens to your data when the relationship ends?

DPSA CAN HELP!

With DPSA, your Vendor Risk Management program can be as robust as you need it to be. We can help in a targeted way, or take over responsibility for fully protecting your company from vendor risk with the following services:

1. Identify, inventory, and gather agreements with vendors, third parties, and other external entities to whom you transfer personal information; review and update service provider agreements; and ensure defined process and agreement to assist your company in responding to Individual Rights Requests/DSARs.
2. Perform Vendor Privacy & Security Risk Assessments  to evaluate the privacy and security controls in place for protecting data received from your company.

Develop and train your teams on Vendor Management policies and best practices for vendor vetting, on-boarding, and off-boarding.