04
Due Diligence
Thoroughly vet vendors.
03
Prioritize Vendors
Focus on critical vendors.
06
Monitor Continuously
Keep an eye on vendors.
05
Contract Safeguards
Include security clauses.
08
Regulatory Compliance
Ensure vendors comply.
07
Incident Response
Plan for breaches.
10
Audit Regularly
Verify compliance periodically.
09
Escalation Plan
Know what to do in crises.
02
Risk Assessment
Assess vendor risks.
01
Identify Vendors
List all third-party vendors.
Third-Party Risk Management Best Practices