Pace of Change and Resource Allocation Continue to Challenge Companies’ Vendor Risk Management, New Survey Confirms
Paul Kooney, Protiviti Managing Director, and Gary Roboff, The Santa Fe Group Shared Assessments Program Senior Advisor
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.
2019 Vendor Risk Management Benchmark Survey
Policies & Procedures