Beyond the statement
Collecting a financial statement from a vendor isn't enough. Your process must include analyzing the vendor's financial health to determine capacity of quality products/services.
The health of your vendor, especially critical vendors, is a vital part of your overall risk management process and ultimately may affect your own reputation.
Reputation Protection
Declining income can mean cost costs which in turn can mean staff cuts that impacts the lever of customer service you receive and declining infosec support.
Domino Effect
