Assess your vendor’s preparedness for data protection laws.
The regulatory bar is being raised. With an increased focus on information security, and a slew of data breaches, privacy requirements are becoming more stringent. It’s an organization’s responsibility to ensure vendors are compliant with privacy regulations such as the EU General Data Protection Regulation (GDPR) and California Consumer Privacy Act (CCPA).
With Venminder’s Data Protection Assessment, you can easily see any data privacy risks present by engaging in business with the vendor. Each control within the assessment correlates back to relevant industry guidance and standards addressing vendor risk and allows key decision makers to confidently weigh threats introduced by vendors as well as respond to the resulting risks.
Be confident in risk results
The Data Protection Assessment provides a risk ranking for each vendor based on their maintenance of control environments. While a low ranking may still require follow up with your vendor, you can be confident that the vendor’s controls in place are protecting the privacy of your operations, assets and customers. A severe risk ranking lets you know that this vendor’s control environment is inadequate.
Put data into action
You can quickly drill down to the topics and specific items you are most concerned with and identify action items. You can then prioritize follow-ups based on the risk rating.
Understand the guidance or standard addressed
The Data Protection Assessment links each item to the relevant industry guidance and standards.
What It Includes
Venminder’s DPA simplifies third-party risk management by presenting the key concerns in six critical areas:
- Information Security Governance
- Information Security
- Data Privacy
- Physical Security
- Business Continuity
Why It's Important
by failing to properly manage your vendor cybersecurity risk, you increase the likelihood of being breached and the regulatory, reputational and financial consequences that come with it.