Vendor Data Compliance Management is the process by which organizations understand and control the risks associated with sharing and/or storing data for third parties.  Today's world has data integrating and moving often between multiple vendors instantly, understanding where and how this data is secured is a critical component of any Data Management Plan.

As data breaches become more common, the risk is too large to not understand how a vendor is securing the data.  Having an effective vendor data compliance management plan in place, you will be able to identify, mitigate, and better control your risk while improving the security of your organization.  In addition this is required to be compliant with HIPAA, PCI-DSS, NY CRR 500, and SOC2 certifications.