Pace of Change and Resource Allocation Continue to Challenge Companies’ Vendor Risk Management, New Survey Confirms

Running just to stay in place – this is what it feels like today for many companies trying to match their vendor risk management (VRM) efforts to the fast-changing risk environment and pressing regulatory demands. Incremental improvements in VRM made last year have been all but wiped out by new cyber threats, and the costs of running a vendor risk management program are rising.

This article discusses the advancement an organization can achieve by enhancing its vendor risk management efforts, based on results from a recent VRM survey developed by Protiviti and the Shared Assessment program.