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About this Research

 

This research is the first of its kind, pulling from a sample size of 1,236 risk assessments across suppliers, from SMEs to large suppliers with over $50B in revenue. Our findings help companies recognize the compliance gaps, create remediation plans for the top issues as well as provide the most important questions to ask your suppliers to ensure they’re taking care of your data.

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Main Takeaways from the Report

  • Supplier security efforts are not improving, but rather becoming weaker
  • Half of the suppliers assessed lack internal/external IT audits
  • A large number of suppliers assessed do not meet one or more of the 28 operation security controls tested
  • More than half of suppliers fail very basic security probes
  • Who is responsible for SRM? For 21% of organizations, NO ONE
  • Supplier risk management program reduces Risk Exposure of the organization through the proper due diligence
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Softtek's report is unique and useful as it takes a broad, data driven approach to address supplier risk management. This information supplies some excellent insights for organizations to leverage within their supplier security programs. As things become more and more digitized and sharing of data with partners more prevalent, the security risks continue to increase and understanding the key risk indicators can be extremely valuable in helping to mitigate risk and improve security posture.

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-James Beeson,
CISO for large US Financial Services conglomerate

 
A shared responsibility and opportunity
 

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Founded in 1982, Softtek is a global provider of process-driven IT solutions with 30 offices in North America, Latin America, Europe and Asia. With 15 Global Delivery Centers in the U.S., Mexico, China, Brazil, Argentina, Costa Rica, Spain, Hungary and India, Softtek helps improve time-to-business-solution, lower costs of existing applications, deliver better engineered and tested applications, and produce predictable outcomes for top-tier corporations in over 20 countries. Through on-site, on-shore and its trademarked Global Nearshore™ service delivery models, Softtek teams with CIOs to constantly increase the business value of IT. Softtek is the creator and a leader of the nearshore industry.
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