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What is Vendor Tiering? | UpGuard

3 years ago www.upguard.com
What is Vendor Tiering? | UpGuard

Summary: This is a summary of an article originally published by the source. Read the full original article here →

Learn about new features, changes, and improvements to UpGuard: Vendor tiering is a method of classifying vendors based on the level of security risk they introduce to an organization. The basic vendor tiering structure consists of three levels - Tier 1, Tier 2, Tier 3, where Tier 1 represents high-risk vendors.

Applying the same level of risk assessment to each vendor is difficult to maintain, and in most cases, unnecessary.

This is the objective of vendor tiering - to streamline the vendor risk management process so that security teams are able to manage third-party risks more intelligently.

Vendor tiering helps security teams adjust the level of risk assessments performed at each vendor tier, rather than applying the same effort across all vendors.

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