Vendor Risk is one of the strongest contributors to operational risk. Poorly setup, it can be incredibly expensive and produce poor results. Alyne provides a powerful value proposition demonstrated in this use case video.
At Alyne we've put a lot of thought into how successful Vendor Governance can be setup and what aspects should be included in vendor assurance.
Setting up a scalable and cost effective Vendor Governance service is not an easy task and there are a number of core business process and solution requirements that are critical for success.
Vendor governance is gaining a lot of attention as one of the top drivers for cyber risk to organisations and a very significant contributor to overall operational risk - especially if you are a financial institution.
Risk Assessments are already widely used and accepted as a method for risk identification and assurance and can be an extremely powerful and cost effective tool when done right and an utterly useless tool if done wrong.
