Vendor Assessment
What is Vendor Assessment?
Do you want to assess the data protection compliance of your vendor?
- Vendor Assessment is another essential requisite under the GDPR and other global data protection laws.
- Article 28 of the GDPR mandates that an organization should make sure that its vendors or processors provide sufficient guarantees to implement appropriate technical and organizational measures to meet the requirements of the GDPR.
- Also, the processor should not delegate or outsource to another processor without prior specific written authorization of the controller.
- Vendor privacy breaches can expose the organization to huge fines of up to 20 million euros or 4% of the global turnover. This makes Vendor Assessment crucial for GDPR compliance.
Focus on your core speciality and we will assess the vendor privacy risks for you.
- In Vendor Assessment, we will analyse the reputation and background of the respective vendor.
- Whether the vendor is capable of securing the personal data in accordance with GDPR or any other specific data protection laws?
- Has vendor faced any data protection breach in the past? Which risks does the vendor bring with them and how can we mitigate those risks?
- Most importantly, is it viable to involve in business with the vendor?
Minimise privacy risk with Vendor Risk Assessment.
- Vendor Assessment protects the organisation against the exposure to hefty fines which can be imposed due to non-compliance or data breach by the vendor.
- It can also help in demonstrating the due diligence taken by the organisation, and due diligence is an important factor considered by the authorities in deciding fines for non-compliance.
Why Us?
At Tsaaro, we keep a close eye on evolving landscape of Data Protection and Privacy laws across the globe.
We use this up to date information about the data protection laws in assessing the regulatory requirements for our customers.
Since, Tsaaro is also involved in information security, we take care of the best technical and administrative practices for the implementation of data protection regulatory requirements in a cost effective manner.
Our Approach
Focus on your core speciality and we will assess the vendor privacy risks for you.
- In Vendor Assessment, we will analyse the reputation and background of the respective vendor.
- Whether the vendor is capable of securing the personal data in accordance with GDPR or any other specific data protection laws?
- Has vendor faced any data protection breach in the past? Which risks does the vendor bring with them and how can we mitigate those risks?
- Most importantly, is it viable to involve in business with the vendor?
What is Vendor Assessment?
Do you want to assess the data protection compliance of your vendor?
- Vendor Assessment is another essential requisite under the GDPR and other global data protection laws.
- Article 28 of the GDPR mandates that an organization should make sure that its vendors or processors provide sufficient guarantees to implement appropriate technical and organizational measures to meet the requirements of the GDPR.
- Also, the processor should not delegate or outsource to another processor without prior specific written authorization of the controller.
- Vendor privacy breaches can expose the organization to huge fines of up to 20 million euros or 4% of the global turnover. This makes Vendor Assessment crucial for GDPR compliance.
Advantages
Minimise privacy risk with Vendor Risk Assessment.
- Vendor Assessment protects the organisation against the exposure to hefty fines which can be imposed due to non-compliance or data breach by the vendor.
- It can also help in demonstrating the due diligence taken by the organisation, and due diligence is an important factor considered by the authorities in deciding fines for non-compliance.
Why Us?
At Tsaaro, we keep a close eye at third party vendors and their respective products offering B2B services with the help of our InfoSec and Data Protection teams.
We use our research to assist you in choosing the most suitable third party vendors.
With our vendor risk assessment you can focus on your business and we can take care of the compliance requirements of your vendor.
