Law360, New York ( November 18, 2014, 12:11 PM EST) -- In an era of hackers looking for the weak link in a company's information security practices to steal sensitive information, vendor due diligence and agreements have never been more important. This is especially true of companies that accept credit cards. The common denominator of most of the recent high-profile breaches is that they are retail businesses that accept credit cards. Accordingly, companies that process or accept credit cards should be scrutinizing vendors' security practices as closely as they review and manage their own practices. And vendor management is not merely prudent, it is a requirement under the Payment Card Industry Data Security Standards, the data security standard for companies that store, process or transmit credit card data....
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