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This blog takes a closer look at why third-party cyber risk tools often miss critical vendor issues and what a more effective approach looks like.
The market for vendor risk management products and services is complex, diverse and evolving, making it difficult to know how to choose the right solution. This research will help sourcing, procurement and vendor management leaders map their VRM use cases to what the market can offer.
This paper contains helpful planning information for those looking to build up a VRM program, including:
Methods for developing your organization's requirements based on the risk domains that are most relevant to your firm
Why firms should be considering security ratings services in a VRM program
How security ratings data can be integrated into a VRM platform to provide enhanced visibility
Navigating the Vendor Risk Management Solution Market, 21 June 2021, Joanne Spencer & Luke Ellery
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With our third-party cyber risk assessments, you’ll also be provided with custom-fitted risk action plans so you can immediately start engaging with your vendor for remediation. And if a vendor’s cyber risk degrades or an element falls out of policy, you’ll be notified instantly.