Introduction

Vendor Management

Privacy Lock’s Vendor Management module offers an integrated solution to simplify vendor data sharing authorizations and risk management. In this feature you can track and manage all your third party data sharing partners, ensuring you have visibility into vendor data collection and processing activities. To gain the most value from this module, we recommend you track all data sharing agreements, privacy policies, and data protection documents for each vendor by following the steps described in this section.

Key Features:

• Privacy Risk Assessment: Privacy Lock’s proprietary Privacy Risk Assessment enables you to score the risk of sharing data with your vendors. The risk assessment identifies applicable compliance jurisdictions, risk areas for data privacy and compliance, assesses data processing activities, and scores risk.
• Data Processing Agreements: Streamline the process of creating, storing, and managing data processing agreements (DPAs) with vendors.
• Audit Trails: Maintain detailed records of vendor access and processing of your consumer data.
• Privacy Lock helps you maintain trust with your customers by ensuring that your vendors are held to the highest data privacy standards. Our automated workflows reduce the manual effort involved in vendor management.

In the following pages we'll be reviewing how to:

• Add a vendor to your vendor list
• Add legal documents and agreements to the vendor profile
• Generate a Privacy Risk Assessment for a vendor
• Tag vendors in Data Inventory
• Generate a vendor report for Data Access requests