A recent HSB survey found that nearly half of the data breaches in 2017 were caused by a third-party vendor or contractor. As organizations invest in creating or strengthening vendor risk management (VRM) programs, they must ensure they are leveraging technology-enabled automation to keep up with an ever-growing vendor base, as well as the speed at which cyber threats emerge.
When automation is brought to vendor risk management, organizations gain three critical attributes that helps them get to risk reduction.
