This phase will help you categorize, prioritize, and assess your vendor risks, followed by selecting appropriate response strategies to the most pertinent risks through the following activities:

  • Classify IT Vendors
  • Assess Vendor Risk and Plan Response

Use this phase as part of the full blueprint, Proactively Identify and Mitigate Vendor Risk.

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Proactively Identify and Mitigate Vendor Risk

Promote a collaborative approach to vendor risk management and guard against regulatory, security, operational, and financial risk.

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