How can companies ensure the privacy and security of customer information when working with third-party vendors or partners?
Companies can ensure the privacy and security of customer information when working with third-party vendors or partners by thoroughly vetting the vendors' security measures and data protection policies. They should also establish clear data protection agreements that outline the responsibilities and expectations of both parties regarding the handling of customer information. Implementing regular security audits and monitoring the vendors' compliance with data protection regulations can further safeguard customer information. Additionally, companies should limit the amount of customer data shared with third-party vendors to only what is necessary for the partnership.
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