What Is A Vendor Assessment Program?

Your vendor assessment program lets you evaluate the security policies and practices of your company’s vendors. Such a program enables you to ensure that all your vendors comply with your information security management policies and standards.

Enterprises are increasingly requiring their business partners be compliant with SOC 2. This is a set recommendations based on the System and Organization Controls (SOC) framework developed by the American Institute of Certified Public Accountants (AICPA).  Five SOC Trust Services Criteria (TSC) — Security, Availability, Processing Integrity, Confidentiality, and Privacy — are the foundation of that framework. The controls and policies focused on Security are mandatory for SOC 2 compliance.

You must ensure your company meets SOC 2 requirements for effective vendor assessment. You should also ensure your vendor assessment policies and practices are closely aligned with your cybersecurity, information security, risk assessment, vendor, and vulnerability management policies and processes.

How Trustero Can Help

Trustero Compliance as a Service (CaaS) is cloud-based, easy-to-use compliance automation software. It is designed to simplify SOC 2 audit readiness and enable continuous compliance. For example, the Trustero platform includes auditor-approved controls and auditor-vetted policy templates. You can use these as they are, modify them as needed, and easily add your own controls. These features can make your audits go faster and easier. They also help align your controls and policies closely with your specific business needs.

In addition, the Trustero solution constantly monitors your technology infrastructure and can notify administrators when an element falls out of SOC 2 compliance. Trustero CaaS also integrates with leading Software as a Service (SaaS) tools and platforms. These features can inform and strengthen your vendor assessment program.

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