With an increasing number of personal data breaches traced back to third-parties, organizations are urged to implement or strengthen their privacy programs with regard to their vendor relationships. By mapping your business processes to your vendor management life cycle, you can begin to build a program that protects your data, customers, and reputation from risks introduced by third-parties.
We recommend that you create a third-party register domain, to store all the third-party privacy profiles specific to the community.
Note In Data Privacy, all your third-parties are represented by Party assets. These Party assets are distinguished, in part, by the attribute Party Role Type. Example packaged Party Role Types include Business Partner, Controller, Distributor, Processor, Reseller and Subsidiary.
Asset model
