What is vendor risk management (VRM), and why should you care about it? An overly-simplified definition is the discovery of risks associated with your service providers and determining how (or whether) to proceed with that relationship. Managing vendor risk is an imperative in our day, with an ever-growing reliance on outsourced services strengthening in conjunction with a rise in data breaches that occur due to third-parties.

Let's explore what both sides of the VRM coin look like, some common concerns from both parties, and how you can make your job easier by nurturing the relationship between your organizations."