5 Ways Your Vendor Risk Management Program Leaves You In The Dark

Vendors play a critical role in supporting key business functions. As a result, companies need to take responsibility for managing their security and risk with the partners they choose, but current methods for managing that risk are inefficient. Take Control Of Vendor Risk Management Through Continuous Monitoring, a March 2018 study conducted by Forrester Consulting on behalf of BitSight, sheds light on the current approaches organizations in North America and Europe are taking towards Vendor Risk Management. This study outlines: Why many firms may have a false sense of security when it comes to cyber risk stemming from third parties and vendors How long it typically takes firms to assess a third party vendors’ cybersecurity posture Why firms need a continuous monitoring approach when assessing the cybersecurity posture of current and prospective third party vendors