Reveal Secrets to Effortless Vendor Risk Management Success
Why Vendor Risk Management Matters
In today's interconnected world, vendor relationships can significantly impact a company's reputation and bottom line. Poor vendor management can lead to data breaches, compliance violations, and financial losses. According to a study by Ponemon Institute, 59% of companies have experienced a data breach caused by a third party1. This statistic highlights the importance of having a robust vendor risk management process in place.