Strategically Manage Vendor Risk and Build a Stronger Cybersecurity Posture

For most modern businesses, Vendor Risk Management (VRM) is increasingly important as the number of cyberattacks and data breaches suffered by organizations large and small continues to grow. These risks will no doubt continue and almost certainly intensify in their frequency, sophistication and severity.

Yet for all their significance, many companies remain vulnerable to these attacks. In its October 2017 Global State of Information Security Survey (GSISS), PwC notes that while breaches have become more common, “many organizations worldwide still struggle to comprehend and manage emerging cyber risks in an increasingly complex digital society. As our reliance on data and interconnectivity swells, developing resilience to withstand cyber shocks … has never been more important.”

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