[Research Report] Third-Party Risk: A Turbulent Outlook

Resource

Third-party relationships have expanded exponentially as companies seek outsourced services and software to perform optimally and backfill talent amid the ongoing pandemic. That expansion has broadened attack surfaces as weaker vendors are targeted by black hats to quietly surveil and paralyze systems.

 

According to a new survey from CRA Business Intelligence, security teams trying to track the practices of third parties have painfully limited visibility. The survey, conducted in late 2021 with more than 300 IT and cybersecurity decision-makers who work with third parties, sheds light on how well organizations understand and manage risks associated with their external partnerships.

 

Among the study’s key findings:

  • 60% experienced a security incident in the past two years due to a third-party partner with access privileges
  • 45% of those third-party security incidents led to more than $100,000 in damages
  • 76% of IT leaders rated managing third-party risk as a high or critical priority at their organizations, which has increased since the onset of the pandemic that created business disruptions

Download Research Report

Note: All fields marked with * are required

I’d like email updates on local events, news, resources and products to stay connected with the OneTrust community. Unsubscribe at any time.

I’d like a solution expert to provide product information or show me a custom demo of the OneTrust platform

How would you like us to contact you?

Privacy Notice

You can learn more about how we handle your personal data and your rights by reviewing our privacy notice.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

You Might Also Be Interested In


MAY 12, 2022

Accelerating Automation: How the Pandemic Forced Third-Party Management to Scale

APR 28, 2022

Secrets to Success: The Winning Game Plan for Security Questionnaire Response

APRIL 4, 2022

The Value of the Exchange Community for Customers and Vendors eBook

APR 14, 2022

Ready, Set, Launch Your TPRM Program: A 30-Day Implementation Roadmap

MARCH 29, 2022

The Shift to Third-Party Management

APR 05, 2022

Product Spotlight for Vendors: QRA, Trust Profile, Exchange Community

MAR 24, 2022

More Vendors, More Privacy Problems: Best Practices for Modern-Day Vendor Management

MAR 10, 2022

5 Critical Mistakes to Avoid When Answering Security Questionnaires

Onetrust All Rights Reserved