SEARCH FOR VENDOR DUE DILIGENCE
The questionnaire called Shared Assessments’ Standard Information Gathering (SIG) which is a very convenient tool, could be used to deal with your vendors. By using this questionnaire, the various security aspects of their position in security will be revealed so that if they have received key certifications which proves that they deal with their data such as facilities and payment card information (PCI) in a flexible manner.
You can also acquire knowledge on how they constructed their entire security program from boundary protection to access control and how persistent they are in carrying out regular validations and reviews. After the vendor assessment is carried out if you come across security gaps, then you would have to take actions for sure. The vendor could be required to seek out the required certifications or in-house productions could be devised to make up for the lack of control of the vendor. Several options could be considered for any danger that is raised during the vendor risk assessment.