Question 1
Which of the following is an objective of Vendor Risk Management? (Choose two.)
To help vendors improve their security posture and preparedness
To assess and manage the risk from interactions with vendors and third parties
To help negotiate the best possible price for a product or service from the vendor
To verify that vendors have adequate measures and processes in place to ensure profitability of vendor
Correct answer: AB
Explanation:
Reference: https://reciprocity.com/resources/what-is-a-vendor-risk-managementprogram/#:~:text=A%20vendor%20risk%20management%20framework,across%20the%20organization's%20supplier%20base
Reference:
https://reciprocity.com/resources/what-is-a-vendor-risk-managementprogram/#:~:text=A%20vendor%20risk%20management%20framework,across%20the%20organization's%20supplier%20base