Third-Party Risk Management for Life Sciences Companies

The last thing a life sciences company wants is to have proprietary information stolen or confidential data made public. When a company delegates the responsibility for data security to an outside party, the risk of compromised data increases and managing the risk becomes a little more complex. When the company relies on a great many outside parties to provide a wide array of services, the third-party risk multiplies along with the complexity of managing it. That’s when a mature and effective third-party risk management program is required.