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Showing posts with the label data protection

A 2025 Guide to Third-Party Risk Management (TPRM): Safeguarding Your Digital Ecosystem

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In today’s interconnected world, businesses thrive on third-party relationships—whether it’s a cloud service provider, logistics partner, or IT support vendor. But with these benefits come significant risks. That’s where Third-Party Risk Management (TPRM) steps in. TPRM is the process of identifying, assessing, and mitigating the potential risks that third-party vendors pose to your organization’s data, operations, and reputation. As digital transformation continues to surge, the 2025 landscape demands an evolved approach to third-party risk—one that is proactive, strategic, and continuously adaptive. What is a Third Party? A third party refers to any external organization or individual that interacts with your business, including: Vendors and suppliers Software as a Service (SaaS) providers Contractors and consultants Business partners Resellers and distributors Financial service providers These entities may have direct or indirect access to sensitive systems...

SOC 2 Compliance: Why It Matters & How to Achieve It

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  A Complete Guide to SOC 2 Compliance Why SOC 2 Matters for Businesses With organizations increasingly outsourcing critical operations to third-party vendors—such as SaaS providers and cloud computing services—data security has never been more important. If mishandled, sensitive data can expose enterprises to cyber threats like data breaches, ransomware, and unauthorized access. SOC 2 compliance ensures that service providers securely manage customer data, protecting both business interests and client privacy. For security-conscious companies, SOC 2 has become a baseline requirement when evaluating potential vendors. What is SOC 2 Compliance? Developed by the American Institute of Certified Public Accountants (AICPA) , SOC 2 is an auditing framework that assesses how businesses handle and protect customer data. Unlike rigid compliance standards like PCI DSS, SOC 2 is flexible—allowing companies to tailor controls based on their unique operations while adhering to five core Trust S...