Did you know that a Singapore organisation was fined $29,000 for the breach of the Protection obligation even though the system they used was handled by a third party, software provider?

And the software service provider was not at fault as the organisation did not did their part to ensure that the provider follow their data protection policies.

Effective third-party due diligence can help companies to comply with regulations and reduce their risk exposure. This is becoming increasingly important as the global nature of business subjects enterprises to a growing number of regulations. By defining corporate objectives for due diligence, companies can ensure that they are meeting their compliance obligations and protecting themselves from risk.

Ever wonder what are the key points to look out for in a vendor?

Automating third-party due diligence can make workflows easier for employees while also reducing compliance risks for the business. By using technology to automate various components of the due diligence workflow, companies can streamline their processes and improve their efficiency.

Come and join Benjamin in the upcoming webinar and learn how DPOinBox can help you mitigate 3rd party risk in your organisation.

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