Choose The Right Vendors To Minimize Supply Chain Risk

Supply chain attacks can cause damage to both your business and your reputation. No system is 100% secure, however some vendors commit themselves to higher security standards than others. Having a best-practice standard when vetting potential partners will help you avoid companies who wouldn’t be able to meet your security needs or expectations.

Primary Considerations

You should keep these things in mind when going through the vendor vetting process:

Security Measures

Discuss what policies and procedures the vendor has in place before partnering with them. Ask if they perform regular vulnerability scans, updates or multi-factor authentication (MFA) or two-factor authentication (2FA).

Certifications

Vendors should show certifications demonstrating compliance with industry standards. A certification proves the vendor has been independently assessed and maintains accurate security qualifications.

Data Storage & Management

How and where will your data be stored? Whether in the cloud, on-premise or in a different manner, it’s important to be aware of where your sensitive data will stay. You should also be aware of what happens to the data once the partnership ends. Will your data be deleted or transferred to another entity? Knowing whether third-parties can access your data is crucial as well.

Business Continuity & Disaster Recovery (BCDR)

In the event of a crisis, it’s important to know whether your vendor has a plan in place to mitigate damage. This will ensure that your business operations continue via recoverable data and systems in the event of a disaster.

Cyber Insurance

With data breaches and cyber attacks becoming more prominent, you’ll need to know if your vendor has insurance coverage to protect your business.

Choosing an appropriate vendor can be tough, and requires research and consideration of all factors. SkyPort IT can help assist in minimizing risk to your organization and ensure that you collaborate with groups who have your best interests at heart. If you’re looking to maximize your security, call us at 585-582-1600.

Material sourced from Powered Services Pro by Kaseya