Outline a comprehensive due diligence process for assessing the compliance risks associated with third-party vendors, focusing on financial regulations and data security.
Task: generate a summary of a video. Input: [video title], [video transcript], [length of summary: e.g., 100 words, 200 words] Instruction: summarize the video transcript, focusing on the main topics and key takeaways. The summary should be concise and informative, providing a clear overview of the video's content. Adhere to the specified length constraint.
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Develop a policy for assessing and managing risks associated with third-party vendors, covering due diligence, contract requirements, and ongoing monitoring.
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