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Cybersecurity Triggers a New Paradigm in Vendor Monitoring
Roland|Criss 
Oct. 30, 2023 "Traditional questionnaire-based evaluations and SOC 2 reports are insufficient for giving current information about a vendor's security posture. Plan fiduciaries must adopt a more intelligent and scientific approach ... to protect sensitive data, stay ahead of new threats, and ensure their providers are committed to upholding a solid security posture. Plan fiduciaries can improve their cybersecurity defenses and reduce the risks related to vendor relationships by employing continuous monitoring, quantifiable metrics, and rigorous testing." |
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