The Eye of Vigilance: Elevating Vendor Risk Management through Monitoring and Alerting
Introduction In today’s fast-paced business landscape, companies rely heavily on third-party vendors to deliver goods and services. However, this increased reliance also introduces new risks that can compromise an organization’s security, reputation, and bottom line. According to a recent survey, 61% of organizations have experienced a data breach caused by a third-party vendor (1). This staggering statistic highlights the need for effective vendor risk management (VRM) practices, with monitoring and alerting being crucial components. In this blog post, we’ll delve into the world of VRM and explore how monitoring and alerting can help mitigate vendor-related risks. ...