Shared Assessments plans to remain a vendor-neutral industry organization now with increased ability to scale SIG third-party risk standard adoption globally
ATLANTA (May 4, 2021) – OneTrust, the #1 fastest-growing company on the Inc. 500 and category-defining enterprise platform to operationalize trust, today announced it entered into a definitive agreement to acquire Shared Assessments, the global membership organization dedicated to developing the best practices, education, and tools to drive third-party risk assurance.
The acquisition will enable Shared Assessments to further scale the availability and adoption of the SIG to become the de facto third-party risk standard globally. Shared Assessments, including the Standardized Information Gathering Questionnaire (SIG), Shared Assessments Summit, and Shared Assessments certifications, plan to continue operating as an open and vendor-neutral industry organization.
Shared Assessments SIG as the Ubiquitous Third-Party Risk Standard
The case for global third-party risk standardization is clear. According to Forrester 1, “The number of third parties requiring vetting, monitoring, and mitigation far exceed the capacity of most TPRM teams, so they only focus on those considered ‘critical.’” These issues are multiplied by each…
