Cybersecurity is a growing concern in all industries. Almost one third of all data breaches are the result of third-party vendors. If that data is isolated to the healthcare industry, third-party vendor security incidence increase to over 40%.
Third-party vendors have significantly increase security risks which has increased the level of scrutiny outsourcing is given by auditors and examiners.
To control this risk, third-party vendor management must move from its identity as a compliance issue to an information security best business practice.