Close the TPRM vulnerability gap with modern strategies. The 2022 Verizon Data Breach Investigations Report revealed that 62% of data breaches occur at the third-party level, exposing even well-protected organizations to significant risks.
Traditional third-party risk management (TPRM) methods—spreadsheets, emails, and lengthy policy reviews—are no longer sufficient. Innovative approaches are needed to protect against financial, regulatory, and reputational impacts. Over three-quarters of executives recognize the need for a holistic overhaul of TPRM operating models. By adopting modern practices and technologies, TPRM teams can transform potential vulnerabilities into strategic assets, fostering a culture of trust, freedom, and resilience. Now is the time to modernize and mature TPRM practices, turning a bottleneck into a catalyst for business growth.
