What is a Supplier Security Assessment?

Supplier security assessment is a systematized way that companies use to check how good cybersecurity is in the companies they work with as suppliers or partners, mostly those who are given an entry to sensitive information, networks or systems. Digital supply chains and interconnections are growing rapidly, so companies need to make sure the suppliers are using strong cybersecurity methods that prevent cyber risk from coming into the business environment.

Vendor security assessments usually involve looking into the supplier policies, management of data protection, how access is controlled, responding to incidents and plus if they try to follow the industrial standards. The main purpose is finding weaknesses and making sure the security needs of the company prior and while working together are met.