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Third-party vendors can introduce significant risks if not managed properly. Vendor risk compliance focuses on assessing, monitoring, and managing risks associated with external partners. In the middle of vendor onboarding and ongoing relationships, this process ensures vendors meet security, regulatory, and performance standards. Automated assessments, documentation tracking, and risk scoring help organizations make informed decisions. Strong vendor risk compliance reduces exposure to data breaches, financial losses, and regulatory penalties while building safer and more reliable supplier relationships.
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