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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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Vendor Risk Management Maturity

Meantime, the study by Protiviti shows much of the vendor risk management process is still a shoot-from-the-hip affair at many organizations. Approximately one in three organizations are at the nonexistent or ad-hoc stage of maturity in vendor risk management. On a positive note, the industry appears to be at a tipping point, with about 40% of organizations at a fully functional maturity level and another 28% in a transitional stage.

Image Source: Adobe Stock (Pam Walker)

Vendor Risk Management Maturity

Meantime, the study by Protiviti shows much of the vendor risk management process is still a shoot-from-the-hip affair at many organizations. Approximately one in three organizations are at the nonexistent or ad-hoc stage of maturity in vendor risk management. On a positive note, the industry appears to be at a tipping point, with about 40% of organizations at a fully functional maturity level and another 28% in a transitional stage.

Image Source: Adobe Stock (Pam Walker)

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