What is Vendor Due Diligence? Choosing Secure Vendors in 2024 | UpGuard

Vendor Due Diligence guidance emphasizing that third‑party vendor breaches are common and can cause large-scale data exposure and ransomware incidents; the document cites multiple historical vendor breaches and recommends tailored vendor security questionnaires, continuous monitoring, business continuity and disaster recovery planning, and security ratings to mitigate third‑party risk, and references UpGuard's solutions.