Create a comprehensive framework for evaluating the security and compliance standards of third-party vendors. This evaluation will help ensure that vendors meet your organization's information governance policies and reduce potential risks to data security.
Include the following:
The vendor evaluation criteria (e.g., [Evaluation Criteria])
Specific compliance certifications required from vendors (e.g., [Required Certifications])
The vendor security audit process and frequency, e.g., [Audit Frequency]
Key metrics for monitoring vendor performance on security, e.g., [Vendor Security Metrics]
Roles responsible for vendor oversight and monitoring, e.g., [Vendor Management Role]
The output should be a checklist or scorecard for evaluating vendor security, with clear documentation of required actions and remediation plans.