This is the third in a three-part guest blog series looking at risk management throughout the lifecycle of a third party relationship. Previously we looked at the onboarding process, then we explored ongoing security monitoring throughout the relationship [link to posted article], now we look at offboarding and terminating a relationship. Goodbyes are difficult. Humans tend to avoid goodbyes. If...

Ongoing Security Monitoring has Become a Must Too often organizations conduct security due diligence when onboarding a third party (e.g., vendor, supplier, outsourced, service provider, consultant) and fail to monitor security throughout the lifecycle of the relationship. Ongoing security monitoring throughout a relationship is critical to protect the organizations. Organizations are dynamic, they are in a constant state of change....

This is the first of a three-part series on vendor risk management through the lifecycle of the relationship. Today, we focus on steps to achieve a proper and friction-free onboarding process. The Vendor Relationship: Stages in the Lifecycle Traditional brick and mortar business is a thing of the past: physical buildings and conventional employees no longer define organizations. The modern...