This is our comprehensive approach to ensuring third-party vendors maintain our data security standards: * Pre-engagement Assessment - Conduct security audits before the partnership - Evaluate their incident response procedures. - Check their compliance with relevant regulations * Contractual Controls - Establish breach notification timeframes - Set clear penalties for security violations - Include right-to-audit clauses * Technical Controls - Implement AMC - Set up monitoring and logging requirements * Ongoing Monitoring - Performance metric tracking - Security incident reviews - Compliance audits * Risk Management - Regular risk assessments - Business impact analysis - Contingency planning

1. Partner selection : A structured and formal vendor due diligence process 2. Contract : document metrics to measure compliance and agree on penalty /reward (both are imp.. mostly we define penalties) 3. Measure : in today’s genai world, automate measurement and reporting of compliance 4. Continuous update : set up mechanism of sharing updates as a “partner”, not a vendor .. make them an extension of your organization..

As a CEO of an outsourcing service provider, ensuring third-party vendors adhere to our data security protocols is critical. Before integrating with any vendor, we conduct comprehensive Vendor Due Diligence to evaluate their security posture. We establish clear Contractual Obligations outlining data protection standards they must comply with. Vendors undergo Security Awareness Training to align with our practices. We continuously evaluate their security measures to ensure ongoing compliance. Key considerations include reviewing their certifications, such as ISO 27001 or SOC 2, to verify their commitment to high-security standards. This structured approach ensures data integrity throughout our partnerships.

Before brining vendor onboard: -Review vendors recognised certifications and their data security policies - Request and review recent security audit reports and how they handle data - make sure contracts are clear(SOW,SLA) -develop a plan for responding quickly if something goes wrong.