Protiviti and the Shared Assessments Program have released the 4th annual Vendor Risk Management Benchmark Study. While vendor risk management maturity is improving overall, concerns remain around the level of board involvement with third-party cyber risk and the ability of organizations to assess and manage forth-party risk (vendors of vendors). Subsequently, more than half of the organizations polled this year indicate an intention to “de-risk” by exiting those relationships.
View our video below. In addition, we have shared a podcast featuring Gary Roboff from the Shared Assessments Program and Paul Kooney from Protiviti, who discuss some of the more notable findings from the study. We’ll explore these trends and findings in future blogs and webinars, so stay tuned. For more information and to obtain a complimentary copy of this report, visit www.protiviti.com/vendor-risk.