You're faced with a vendor seeking confidential financial data. How do you handle their unauthorized request?

First, communicate your company's policies by informing the vendor that disclosing confidential financial data is not permitted, and emphasize your commitment to protecting sensitive information. Offer alternative solutions by suggesting public financial reports or industry benchmarks that may provide relevant insights without compromising your company's privacy. Lastly, safeguard sensitive information by adhering to data protection protocols, maintaining secure storage and transmission methods, and ensuring that only authorized personnel have access to confidential financial data.

If a vendor asks for confidential financial data without proper authorization, I would first remain calm and professional. I would explain to them that sharing such sensitive information is against our company’s policy and that we cannot provide it without proper clearance. I would let them know that it is important to protect our company's financial information to maintain trust and security. Next, I would suggest they provide a valid reason for their request and any necessary documentation to show why they need the information. If they still need the data, I would advise them in getting first the approval from my manager. This way, we can ensure that any sensitive data is shared responsibly and in line with our company's guidelines.

Sensitive information should not be given without top management approval. And if top management approves they have to confirm your request through email.

? Checking their financial statements ? Evaluating their financial risk ? Reviewing their data security and privacy policies ? Assessing their reputation and performance ? Drawing up a confidentiality agreement

Assessing intent helps handle a vendor's unauthorized request for confidential financial data by: 1. Identifying motivations 2. Evaluating legitimacy 3. Recognizing red flags 4. Clarifying requirements 5. Establishing boundaries 6. Offering alternatives 7. Seeking approval 8. Documenting the request This helps protect sensitive data while maintaining a positive vendor relationship.

? Check references and reviews ? Review documentation ? Request financial statements ? Request tax filings ? Request a credit report ? Analyze debt-to-equity ratio ? Request a SOC 2 report ? Draw up a confidentiality agreement

? Setting clear expectations ? Being clear and concise ? Seeking feedback ? Knowing your audience ? Practicing active listening

? Assessing the vendor ? Defining data protection ? Limiting access ? Encrypting data ? Using a password management system ? Storing documents securely

? Sending a follow-up email: You can send a follow-up email to check in and make sure they have all the information they need to make a decision. You can include a personalized greeting, a reminder of your last interaction, and a clear call to action. ? Setting up a call or video conference: You can set up a quick call or video conference to follow up with the vendor. ? Connecting on LinkedIn: You can connect with the vendor on LinkedIn to follow up.