A Comprehensive Framework for Offboarding Third Parties: Mitigating Data Risk and Ensuring Compliance
Abstract: The increasing reliance on third - party vendors and contractors has introduced significant data risk and compliance challenges for organizations. The offboarding process, in particular, poses considerable threats to data security and integrity. This paper presents a thorough examination of the current state of third - party offboarding, highlighting the shortcomings of existing practices. We propose a novel framework for offboarding third parties, addressing data deletion, device return, access revocation, contract management, and data retention. Our approach is grounded in a comprehensive review of existing literature, industry standards, and regulatory requirements.
Keywords: third party offboarding, data security, data risk, compliance challenges, contract management
How to Cite?: Vivek Kumar Agarwal, "A Comprehensive Framework for Offboarding Third Parties: Mitigating Data Risk and Ensuring Compliance", Volume 13 Issue 10, October 2024, International Journal of Science and Research (IJSR), Pages: 559-562, https://www.ijsr.net/getabstract.php?paperid=SR241006085732, DOI: https://dx.doi.org/10.21275/SR241006085732