Is SOC 2 Report Sufficient for Vendor Risk Management?

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Hope you all are in good health and high spirits

Our organization is in the process of buying a software application from a vendor who will also handle deployment and ongoing support. As part of our vendor risk management, we sent a detailed questionnaire to the vendor to assess their security and compliance measures. However, the vendor declined to answer our questions directly and instead provided a SOC 2 report audited by a well-known firm. They also …

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