Question 1

What is vendor security risk assessment?

Accepted Answer

A vendor security risk assessment evaluates a supplier's security posture, certifications (SOC 2, ISO 27001), privacy controls, and data residency practices prior to onboarding and periodically throughout contract renewal cycles.

Question 2

What evidence is required during vendor compliance audits?

Accepted Answer

Auditors typically review executed Data Processing Agreements (DPAs), independent SOC 2 Type II or ISO 27001 audit reports, business continuity plans, completed security questionnaires, and formal risk approval sign-offs.

Question 3

How does continuous vendor monitoring detect supply chain risk?

Accepted Answer

Continuous vendor monitoring monitors external attack surfaces, domain security postures, dark web credential exposures, and certificate expirations across active suppliers to detect risk posture degradation in real time.

Question 4

What regulatory obligations govern vendor management in Malaysia?

Accepted Answer

Organizations in Malaysia must adhere to BNM RMiT (Third-Party Risk Management policies) for financial service providers and the Personal Data Protection Act 2010 (data processor security standards) to prevent supply chain data breaches.

Vendor Risk Management

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