Virtual Cyber & Technology Risk Management Forum
• No real guidance on HOW to risk-assess vendors • No guidance on how to CATEGORIZE vendors • Most documentation is just gathered, not truly analyzed • Vendors are reviewed inconsistently throughout organizations • Vendor risk is not MEASURED • If you’re not measuring risk, there’s no way to tell when a vendor is not living up to your standards • Typically no process for handling risk exceptions Downsides to Compliance-Based VM
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