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The Evolution of Vendor Risk Management in Financial Institutions

BitSight Technologies

The Financial Services industry has long been a pioneer in developing risk management practices. As third party data breaches have increased in recent years, regulators and organizations have moved from relying solely on static questionnaires and assessments, to continuously monitoring the security of vendors.

This white paper will explain:

  • Why the Financial Services industry has been the leader in the vendor risk management space
  • The evolving regulatory landscape regarding Vendor Risk Management, and the practices leading organizations are taking to meet stringent demands.
  • Why leading financial institutions are implementing continuous monitoring of vendor security performance through the use of data-driven, evidence based security ratings

Tags : security
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Published:  Jan 11, 2016
Length:  5
Type:  White Paper