Let's give risk the quantitative assessment it deserves!?

Let's give risk the quantitative assessment it deserves!?

This edition starts with Sravish's two cents on gauging third-party vendor risk. Also, stay updated with essential news and exciting job opportunities in the GRC space.

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Sravish Sridhar

Remember: Risk compounds

If your best tool for gauging third-party risk is a simple vendor questionnaire, you’re in trouble. This risk management strategy is expensive, time-consuming, and ineffective:- A security questionnaire only captures a single point in time (which isn’t helpful to assess ongoing risk, as risk changes constantly), and- The answers to the questionnaire may not even be accurate (there's no way to verify that your vendor is telling the truth.)

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