A vendor security scorecard is an essential tool that businesses use to evaluate and assess the security levels of their vendors. It helps companies get a comprehensive overview of each vendor’s security practices, which can ultimately lead to a more secure supply chain. The scorecard evaluates vendors across multiple dimensions, including risk analysis, incident response planning, data protection measures, and third-party access controls. By assessing these aspects of each vendor’s performance, businesses can ensure that their vendors are making meaningful strides towards sustainable security and compliance standards.