The 2024 Third-Party Risk Management Study

Discover the trends, challenges, and initiatives impacting third-party risk management (TPRM) practitioners worldwide with our comprehensive report: The 2024 Prevalent Third-Party Risk Management Study. The results indicate that many TPRM programs “miss the forest for the trees,” as they struggle to meet the broad needs of different stakeholders, sufficiently cover large vendor ecosystems, and address risk at every stage of the third-party lifecycle.

Download the report to benchmark your TPRM activities against key findings, including:

• Significant Risk Exposure: 61% of organizations reported experiencing a third-party data breach or security incident in the past year, marking a 49% increase from the previous year.
• Resource Constraints: Many organizations struggle with inadequate resources, with only one-third of vendor relationships being managed in a TPRM program.
• Dependence on Outdated Tools: Half of the surveyed companies still rely on spreadsheets and multiple disparate tools to assess and manage their third-party relationships.
• Limited Remediation: Despite tracking risks across the vendor lifecycle, few companies actually do anything about what they find.
• AI Strategy Deficiencies: A significant gap in organizational AI strategies is hindering the adoption of advanced technologies to tackle persistent TPRM challenges.

Register now, and you’ll get immediate access to a 26-page e-book revealing our findings and recommendations, plus an infographic highlighting key results.

How can you step up your watch against third-party breaches? Download the Prevalent 2024 Third-Party Risk Management Study to find out!