The questionnaire isn’t going away, but it’s no longer the best way to drive third-party risk decisions. Traditional due diligence relies too heavily on manual assessments, repetitive requests, and incomplete vendor responses. It’s slow and resource-intensive, leaving you to play a never-ending game of catch-up with your vendor portfolio. View this webinar to discover how […]
The modern organization relies on a larger, more integrated network of third parties and suppliers now compared to any point in history, a dependence that cuts both ways. On one hand, the vast third-party ecosystem that powers modern business allows companies to act nimbly, and do more with their current resources. At the same time, […]
Third-party risk assessments are becoming increasingly complex and resource-intensive. Manual evidence reviews create bottlenecks, inconsistent evaluations introduce compliance gaps, and scaling your program efficiently remains a challenge. ProcessUnity’s Evidence Evaluator transforms how you evaluate third-party controls. Built specifically for the complexity of third-party risk management, ProcessUnity’s Evidence Evaluator combines expertly curated data with purpose-built AI. […]
Regulatory pressure is intensifying — and financial institutions are feeling the heat. In 2024, the average cost of a data breach for U.S financial services surged to $6.08 million, driven by stricter third-party cybersecurity mandates and rising enforcement penalties. To stay compliant, firms must adapt fast — or risk facing costly consequences. This one-pager provides […]
Third-party vendor breaches are escalating at an alarming rate. In 2023, 61% of organizations reported experiencing a third-party data breach or cybersecurity incident in the past year — marking a 49% increase from 2022. As third-party ecosystems grow more complex and interconnected, the stakes have never been greater. According to IBM, the global average cost […]
As third-party ecosystems grow, so do the risks — and financial institutions are paying the price. In 2024, the average breach cost for U.S. financial services firms soared to $6.08 million — among the highest across all industries. Legacy TPRM programs simply can’t keep up, leaving organizations exposed to escalating threats and long-term damage. This […]