Technical Advice

"Smart Vendor Risk Management in a Cloud World"

2025-04-09

Image credit: Freepik

With more data and services moving to the cloud, vendor risk management is now a board priority. Here’s how to stay ahead of the risks.

Map Your Vendor Landscape

• Catalogue all third parties, not just “critical” ones.
• Track where your data resides, who can access it, and for what purpose.

Set Clear Expectations

• Use contracts and SLAs to enforce security requirements.
• Don’t be afraid to ask for certifications, regular reporting, and proof of controls.

Monitor, Review, Improve

• Vendor assessments aren’t “set and forget”—review regularly, especially after any incidents.
• Have an exit plan in case a supplier’s risk profile changes.

The right approach to vendor risk lets you move faster, without losing control.