[Verse 1] Sarah's building software, needs a vendor by her side Cloud storage, payment processing, can't do everything inside But every third-party connection opens up a door Risk assessment starts before they walk upon your floor [Chorus] V-R-M, vendor risk we see Question every supplier carefully SIG and CAIQ, frameworks guide the way Assess, Review, Monitor, Comply every day Third-party management, keeping dangers at bay [Verse 2] Questionnaires arrive like detectives at the scene Financial health and certifications, security practices clean SOC reports and penetration tests, insurance coverage too Background checks on personnel who'll handle data from you [Chorus] V-R-M, vendor risk we see Question every supplier carefully SIG and CAIQ, frameworks guide the way Assess, Review, Monitor, Comply every day Third-party management, keeping dangers at bay [Bridge] SIG Lite for the smaller deals CAIQ when banking's real Standardized Intelligence Group Cloud Assessment questionnaire loop Annual reviews, contract terms Watch for breaches, security worms [Verse 3] Compliance matrices tracking every regulation GDPR, HIPAA, PCI across the nation Vendor scorecards ranking partners green and red Exit strategies planned before the partnership's wed [Final Chorus] V-R-M, vendor risk we see Question every supplier carefully SIG and CAIQ, frameworks guide the way Assess, Review, Monitor, Comply every day Third-party management, keeping dangers at bay Keeping dangers at bay [Outro] Trust but verify, that's the CTO way Vendor risk management saves the day
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