The frequency and severity of third-party breaches are on the rise: An estimated 90% of organizations were impacted by a supply chain cyber security breach in 2022. As digitalization continues and companies engage with hundreds of third parties to operate, the potential risks to revenue, operations, privacy, and regulatory compliance climb.
With the implications of third-party breaches increasing, security frameworks and supply chain legislation are evolving to minimize the impact of these events, and organizations are elevating third-party risk management (TPRM) as a priority.
Download the IDC Spotlight, sponsored by AuditBoard, Beyond the Organization: Managing Risk and Compliance in Third-Party Relationships, to learn more about this emerging risk landscape, as well as:
- Emerging U.S. regulations targeting third-party risk.
- Key results related to TPRM from the IDC’s Future of Trust Survey.
- How organizations can protect themselves with technology solutions.