“I believe this study validates what we’ve always known, continuous monitoring is critical for effective vendor risk management,” stated Tom Turner, CEO of BitSight. “Understanding the security performance of your third-party ecosystem in real time enables companies to make better risk decisions quicker and at scale. With 1,000 customers actively monitoring and engaging with over 100,000 third parties, BitSight is driving innovation that we believe closely aligns with the findings of this study.”
The study surveyed 251 IT, risk, compliance and security decision makers in North America and Europe. Participants included managers, directors, vice presidents and c-level executives from organizations ranging from 1,000 to over 20,000 employees.
Key Findings:
- It typically takes between two weeks and two months to adequately assess a vendor’s cybersecurity posture. It took 88% of organizations over two weeks to assess vendors’ cybersecurity using manual methods,…
