Are the old VRM software solutions fully up to the challenge of reducing vendor risks and associated costs? Increasingly, the answer may be no. A growing number of companies are starting to exhaust the benefits of VRM 1.0. The pressure to deliver verifiable...
According to the 2020 Official Annual Cybercrime Report by Cybersecurity Ventures, cybercriminal activity is one of the biggest challenges that humanity will face in the next two decades. Cybercrime is estimated to cost the world $6 trillion annually by 2021. One of...
Now that working remotely is the new normal, chief information security officers and other members of an organization’s security team must rethink security protocols to protect the assets of the organization. Like many things, vendor risk management programs have or...
Feeling overwhelmed by your vendor risk management program? You’re not alone. Thousands of companies have embraced the paradigm shift toward actively monitoring third-party vendors, but without a standardized process to follow, many are winging it. While the good...
According to a survey conducted by Deloitte, only 1% of firms rate their VRM process as “optimized” and fully up to the task of reducing vendor risk. Learn the steps to standardize and customize your VRM process in this article written by Mike Kelly, CEO of...
The steps to complete a vendor security questionnaire start long before you receive that first assessment. Vendors without a step-by-step process in place or without individuals responsible for completing the questionnaires struggle to complete them in a timely manner...
