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SOCReporting Guide

FAQ: Should we ask vendors how they manage their own third parties?

Yes, especially when the service supports important operations or gives others access to sensitive information. Ask how the vendor selects and reviews the providers it relies on, handles unresolved issues, and tells customers about relevant incidents or changes. For an important dependency, request a recent example of a review and its follow-up, with sensitive details removed if necessary. A policy describes the intended process; an example helps you understand whether that process is being used.

Read more: What Should We Ask a Vendor About Its Fourth-Party Dependencies?.

Additional FAQs

What should happen after we approve a vendor?

Keep an owner responsible for changes that could alter the decision, such as new data access, a significant incident, an important subprovider change, or repeated service failures. Review on a

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SOC Reporting Guide