In today’s market, an increasing number of security and risk management executives are being asked to present to the Board of Directors on the state of their — and their third parties’ — security and risk programs. Gartner estimates that by 2020, 75% of Fortune Global 500 companies will treat vendor risk management as a board-level initiative to mitigate brand and reputation risk. BitSight understands that making an organization’s security posture accessible to C-level executives and the Board of Directors is becoming more of a requirement within the business; we’ve added capabilities within BitSight Security Ratings that arm security and risk management executives with actionable metrics that they can share with the Board of Directors.
Article Link: https://www.bitsighttech.com/blog/the-importance-of-actionable-metrics-in-managing-vendor-risk