Security professionals looking into the due diligence market should understand the different categories that are available, and then make an assessment as to what fits best.
Since the United States Department of Justice and Securities and Exchange Commission required companies to conduct adequate due diligence on third parties in order to meet their compliance obligations under the Foreign Corrupt Practices Act and other similar legislation, there has been an explosion of due diligence providers entering the market.
These providers have come from all walks of life — from ex-police officers and military intelligence to magazine and newspaper publishers — who have vast amounts of data that they have repackaged as “due diligence.” It is very tough for a company to really understand what they are buying and how to sort out the best fit for their company.