Cyber attack disruptions are increasing, and it’s taking organizations longer to fix the underlying issues, according to a new report from global consulting firm Protiviti and the Shared Assessments Program, a member-driven organization of risk assurance providers. Among the areas they need to focus on: vendor risk management (VRM) practices and programs.
For the research, the firms surveyed 554 risk management practitioners and C-suite executives worldwide conducted online
in the fourth quarter of 2018. Survey results show that VRM programs in the technology and insurance/healthcare payer sectors have achieved the greatest levels of program maturity overall.