Identifying and reducing third-party risk is crucial for businesses to protect their data, reputation, and overall security. However, it must be done while still meeting business needs and complying with changing regulations. During this panel, we will discuss steps you can take to achieve this important balance:

• Conducting a comprehensive risk assessment of potential and existing third-party vendors, and implementing a thorough vendor due diligence process to ensure that you are selecting reliable and secure partners
• Considerations for data protection and privacy
• Establishing clear security requirements
• Including robust risk mitigation clauses in contracts with third-party vendors
• Continuously monitoring and reassessing third-party vendors throughout the relationship to ensure they remain compliant and secure