8 Effective Vendor Due Diligence Best Practices

This report provides an overview of vendor due diligence and third-party risk management best practices, detailing eight steps—from collecting business and financial information to continuous monitoring—and advocates automating questionnaires and using security ratings to improve consistency, scalability, and timely detection of vendor security issues; it also highlights integrations between SecurityScorecard and ProcessUnity as solutions to centralize and streamline vendor cyber risk assessment.