Research by Ponemon Institute reports that 59% of survey respondents have confirmed that their organization has experienced a data breach caused by one of their third parties, with 54% of the incidents occurring in the past 12 months.
As the global attack surface continues
to expand, it’s more important than ever to tighten and mature Third- Party Risk Management (TPRM) programs, also referred to as Vendor Risk Management. Staying ahead of weaponized vulnerabilities and threat actors targeting your vendors’ assets decreases the chances of a cyber disruption to your organization.