Vendor Risk Management (VRM)
Proactively manage vendor risks with a disciplined, data-driven approach to third-party security.
Why This Matters
Third-Party Risk Management (TPRM) is the process of identifying, assessing, and mitigating risks that arise from third-party relationships, including suppliers, contractors, partners, and service providers. Organizations increasingly rely on external parties for key business functions, and those relationships can introduce risks related to security, compliance, financial stability, and operations.
76% of compliance leaders rank third-party risk as the top priority, and 82% experienced related issues in the past year.
84% are strengthening due diligence, and 81% are increasing ongoing monitoring of third-party relationships.
The cost of a third-party cyber breach is typically 40% higher than the cost to remediate an internal cybersecurity breach. (Gartner)
37% of respondents said they had between 1-4 people currently involved in assessing third parties, but said they needed between 5-9 people.
Why This Matters
Third-Party Risk Management (TPRM) is the process of identifying, assessing, and mitigating risks that arise from third-party relationships, including suppliers, contractors, partners, and service providers. Organizations increasingly rely on external parties for key business functions, and those relationships can introduce risks related to security, compliance, financial stability, and operations.
76% of compliance leaders rank third-party risk as the top priority, and 82% experienced related issues in the past year.
84% are strengthening due diligence, and 81% are increasing ongoing monitoring of third-party relationships.
The cost of a third-party cyber breach is typically 40% higher than the cost to remediate an internal cybersecurity breach. (Gartner)
37% of respondents said they had between 1-4 people currently involved in assessing third parties, but said they needed between 5-9 people.
Vendor Risk Management (VRM) for Third-Party Security
Identify, assess, and reduce risk across third-party relationships. Eliminate vendor review backlogs, build efficient workflows, and scale your program to reach more vendors with consistency and speed.
Reduce Compliance Overload by Outsourcing Key Vendor Risk Tasks.
Outsourcing or automating parts of VRM reduces the burden on internal teams, allowing them to focus on strategic priorities while maintaining compliance.
Results
Gain velocity with On-Demand Talent
$1.2B 3D Spatial Intelligence Leader achieves TISAX and ISO27001 record time
reduction in time and cost
Consumer API company achieves $4B exit
saved in Due Diligence build
$3.5B AI Fleet Management Company unlocks revenue
speed to value
AI Healthcare Innovator achieves HITRUST
reduction in required resources
Public Fintech Pioneer reduces TPRM backlog and review time
cost reduction
RPA Leader secures AWS infrastructure and cloud controls
faster than industry average
Digital Asset Hedge Fund closes $300M+ acquisition
hours saved
$1.2B 3D Spatial Intelligence Leader achieves TISAX and ISO27001 record time
reduction in time and cost
Consumer API company achieves $4B exit
saved in Due Diligence build
$3.5B AI Fleet Management Company unlocks revenue
speed to value
AI Healthcare Innovator achieves HITRUST
reduction in required resources
Public Fintech Pioneer reduces TPRM backlog and review time
cost reduction
RPA Leader secures AWS infrastructure and cloud controls
faster than industry average
Digital Asset Hedge Fund closes $300M+ acquisition
hours saved
Essential Execution Cases
Review vendors at scale with fully outsourced Third Party Vendor Risk management to streamline compliance and reduce risk.
Eliminate your backlog of vendor reviews and become compliant
Create efficient, measured TPRM programs that can improve over time in speed and accuracy
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