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The Truth About Vendor Risk Management Did you know that 83% of executives report finding third-party risks during the due diligence process? And yet, only a third of companies know how many vendors access their data (the average is 89 per week). It’s not uncommon for companies to have no clue how many suppliers they rely on. Global brands regularly buy from thousands of vendors (Walmart counts over 100,000 suppliers). Do you know how many vendors you have? And more important

Let’s face it: you can’t put a price on effectively executed third-party risk management (TPRM), and you need someone you can trust to get you through every step as efficiently and economically as possible. That’s why Privva is so excited to have the opportunity to continue improving upon our best practice and strategy offerings for third-party risk management at the 2021 Virtual Shared Assessments Third Party Risk Summit! We’re honored that we will be in the virtual presence

As security organizations try to progress and perfect their practices around third-party risk management (TPRM), most follow a predictable path toward maturity. It typically starts with a proverbial tap on the CSO or security leader's shoulder from the CIO or compliance department asking them to get a TPRM program kicked off. From there, one or two people are usually tasked with some kind of discovery process to understand who the vendors are within an organization and to fig