How do partnerships with third-party vendors pose risks to data security, and how can companies manage these?
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Partnerships with third-party vendors pose risks to data security by potentially exposing sensitive information to unauthorized access or breaches. Companies can manage these risks by thoroughly vetting vendors, ensuring they have robust security measures in place, clearly defining data handling protocols in contracts, regularly monitoring vendor activities, and conducting security audits or assessments. It is essential for companies to establish strong communication and transparency with their third-party vendors to maintain a secure environment for data sharing.