Collaboration and leveraging the skills of others are key aspects of growing a business. Companies worldwide are using the expertise, products, and services of other companies to enhance their core competencies. But entrusting another company (a vendor) to provide a service is not cut and dry. What if a vendor’s reputation is questionable? What if a vendor is a financial risk or has had their internal system breached before? These are all questions that should be answered prior to exposing a vendor with your company’s most valued assets. As technology begins to expand there is a need for placing an increased importance on Vendor Security Management (VSM) instead of simply focusing on the vendor’s performance.