Security News > 2021 > August > Navigating Vendor Risk Management as IT Professionals
Let's look at navigating vendor risk management as IT professionals and see how businesses can accomplish this in a highly complex cybersecurity world.
To meet the cybersecurity challenges in working with third-party vendors, organizations must focus on vendor risk management.
What is VRM? Vendor risk management allows organizations to focus on discovering and mitigating risks associated with third-party vendors.
Primarily, the responsibility to discover, understand, and mitigate vendor risk management related to overall cybersecurity falls on the IT department and SecOps.
As discussed above, conducting regular vendor risk assessments and monitoring the risk over time helps to gain visibility into the risk that may continue to grow with a particular vendor.
An area of concern working with a vendor or if you are a third-party vendor used by an organization is credentials.