Third-Party Risk & Vendor Risk Management

3rd Party Providers

3rd Party Providers. Remember when the big car companies in Detroit went through their quality measures and certifications, then began requiring all their 1st tier vendors to undergo the same quality certifications?  This later trickled down to the multiple tiers of vendors that supported the 1st tier vendors.  It was (is) called QS 9000. (more…)

March 1 – Your Vendor Contracts Were Supposed to be Updated

The Massachusetts law 201 CMR 17.00 that forces US organizations to protect the PII of Massachusetts residents went into its final enforcement phase on March 1, 2012. By that date, no exceptions, businesses that send Massachusetts-based PII to vendors (service providers) needed to require in providers’ contracts that they will also abide by the law. (more…)

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