Inherent vs Residual Vendor Risk

Determining the inherent risk and the residual risk of your third parties is a key element of doing a robust risk assessment properly. 

But, what is the difference between inherent and residual risk? We have it covered in our infographic.

Download the infographic to learn:

• How inherent risk is defined
• How determine inherent risk
• Why residual risk is never higher than inherent risk
• 4 important tips you need to follow