Vendor risk management programs are still understaffed and underfunded
1
6
Outsourcing is a viable but underused option
2
Cybersecurity is a top concern
3
The majority of programs are now using dedicated vendor risk management systems
4
Programs are feeling more scrutiny from auditors and examiners
5
Vendor business continuity planning (BCP) saves the day
Venminder’s State of Third-Party Risk Management 2022 survey provides insight into how organizations manage third-party risk today.
Venminder's sixth annual whitepaper surveyed individuals from a wide variety of organizations and industries including financial services, fintech, retail, insurance, healthcare, information technology, and more. The survey results allow for a deeper look into current practices, shared challenges, incentives for compliance, and benefits of third-party risk management.
Survey Highlights