Conduct periodic (at least once a year) vendor risk assessment - Automated and manual risk assessment, security questionnaires, assess sensitive data exposure, and collect 3rd-party certifications (e.g., SOC2 and ISO27001)
One key aspect of maintaining SOC2 compliance is conducting periodic vendor risk assessments. This process helps you evaluate the security practices of your third-party vendors, ensuring they meet the same high standards you've set for your startup. In this guide, we will outline the importance of vendor risk assessments, provide real-world examples, and offer a detailed step-by-step manual for automating and executing these assessments at least once a year.