Why Vendor Due Diligence Reviews Are Not a “Check the Box” Item in Vendor Risk Management
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Vendor due diligence is one of the most important activities in all of vendor risk management because what you learn can make or break a relationship.
There’s a natural inclination to cut corners in due diligence but doing so invites real peril. Let’s look at the importance and what can happen if you just "check the box" saying that the vendor has the report instead of thoroughly reviewing the document.
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