Nearly all organisations (99%) assess vendor risk.

49% of financial institutions experienced a vendor-related cyber incident in the past year.

Of the financial institutions who experienced a vendor-related cyber incident, 66% had recovery times under 60 days .

Of the financial institutions who experienced a vendor-related cyber incident, 8% had recovery times more than 90 days .

Half of financial institutions surveyed oversee 300+ vendors.

73% of financial institutions have two or fewer full-time employees managing vendor risk.