Study
2017 Vendor Risk Management Benchmark Study
As rapidly changing risk and regulatory environments continue to challenge vendor risk management capabilities, the results of the latest Vendor Risk Management Benchmark Study show that:
- Organizations in all industries are making incremental progress in improving how they manage vendor and third party risks.
- Governing boards are increasing their level of engagement with cybersecurity risks, an important trend because board engagement continues to correlate highly with self-reported third party risk management practice maturity.
- A majority of companies plan to de-risk (via exiting or changing) third party vendor relationships that pose the highest risks.