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Risk

4/19/2019
10:00 AM
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Third-Party Cyber-Risk by the Numbers

Recent stats show that the state of third-party cyber risk and vendor risk management remains largely immature at most organizations.
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Most Orgs Lack Third-Party Visibility

Yet the Opus study also shows that only 34% of organizations even keep a comprehensive inventory of these third parties, let alone audit what they're doing. Investment in the assessment process varies greatly. The CyberGRX study shows that enterprises are spending an average of $1 million to $10 million annually to vet third-party capabilities beyond bare-bones compliance measures.

Image Source: Adobe Stock (AVAVA)

Most Orgs Lack Third-Party Visibility

Yet the Opus study also shows that only 34% of organizations even keep a comprehensive inventory of these third parties, let alone audit what they're doing. Investment in the assessment process varies greatly. The CyberGRX study shows that enterprises are spending an average of $1 million to $10 million annually to vet third-party capabilities beyond bare-bones compliance measures.

Image Source: Adobe Stock (AVAVA)

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