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Vendor Risk Assessment Form
"I need a Vendor Risk Assessment Form for evaluating a new cloud service provider based in Singapore, with particular emphasis on data protection and cross-border data transfer requirements, as we'll be handling sensitive financial data starting January 2025."
1. Vendor Information: Basic details about the vendor including company information, contact details, and business registration
2. Services Assessment: Description of services provided and criticality assessment
3. Data Security Controls: Assessment of vendor's data protection and security measures
4. Business Continuity: Evaluation of vendor's business continuity and disaster recovery capabilities
5. Compliance Status: Assessment of regulatory compliance and certifications
1. Financial Assessment: Evaluation of vendor's financial stability - recommended for critical vendors or high-value contracts
2. Supply Chain Assessment: Evaluation of vendor's supply chain management - recommended when vendor relies on sub-contractors or has complex supply chain
3. Environmental Impact: Assessment of environmental compliance and sustainability - recommended for vendors in manufacturing or with significant environmental impact
1. Security Questionnaire: Detailed technical security controls assessment
2. Compliance Certificates: Copies of relevant certifications and compliance documents
3. Risk Rating Matrix: Methodology for calculating overall risk rating
4. Incident Response Plan: Vendor's procedures for handling security incidents
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