4 Ways to Reduce Vendor Risk in Finance | UpGuard

This article explains the importance of vendor risk management for finance companies, citing supply-chain attacks and third-party data breaches (e.g., the Accellion incident impacting Morgan Stanley) as examples of the risks and regulatory, reputational, and financial consequences; it outlines mitigation steps — eliminating attack-surface blindspots, pre-onboarding assessments, compliance management, data-leak detection, and ongoing vendor performance tracking — and promotes UpGuard’s VRM and monitoring solutions.