A Step-by-Step Guide to Building a Scalable Vendor Onboarding Process

 

Published March 2020

Stepbystepguide

Vendors are at the heart of many companies’ processes and activities, and their numbers are increasing. In fact, according to a recent study by the Ponemon Institute, the average number of third parties employed by companies rose from 378 in 2016 to 588 in 2018.

But the process of onboarding vendors has become complicated because of concerns about cybersecurity. In 2018, over 60% of US companies experienced a data breach caused by one of their third parties. To prevent such incidents, security professionals demand that vendors demonstrate and maintain a strong cyber posture.

Effectively checking vendors’ cyber posture can be extremely challenging, and quickly onboarding vendors may sound impossible. Yet it can be done. Here’s how.

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