Top 5 Features to look for in a TPRM Tool That Help Prevent Third-Party Vendor Breaches
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 […]
The Evidence Overload Problem: Why Third-Party Risk Management Teams Are Drowning in Documentation
In third-party risk management (TPRM), evidence documentation is everything. It’s how third parties prove they have controls in place, giving risk teams insight into the implementation and maintenance of critical controls. Unfortunately, in today’s overwhelming TPRM environment, the focus on document reviews is less of an information add and more of a bottleneck for risk […]
Closing the Gaps: 8 Third-Party Risk Challenges Impacting Financial Institutions in 2025
Third-party relationships are a double-edged sword: opportunity and business functionality on one side, but an abundance of risk on the other. In the financial sector where the average cost of a data breach has reached $6.08 million — and reputational fallout is even harder to recover from — third-party risk management (TPRM) has never been […]
ProcessUnity’s UNITE 2025 San Diego Sets a New Standard for Third-Party Risk Management Collaboration
Last week, ProcessUnity hosted UNITE 2025 San Diego, our trailblazing customer summit. This edition of the event was one for the record books: UNITE 2025 was the most attended summit in ProcessUnity history. From May 6th to 8th, we brought together the largest-ever community of ProcessUnity customers, partners, and third-party professionals at the Mission Bay […]
Mapping Assessments Across Standard Frameworks More Easily
Maintaining a standard security framework has become increasingly crucial for businesses in today’s digital age. As technology stacks continue to change and evolve, managing organizational risk and compliance across multiple platforms, third-party vendors, and remote workforces becomes more challenging as threat actors continue to mature. Add to these challenges that there are now nearly endless […]
Third-Party Risk Management ROI Calculator: Measuring the Impact of Automation
Imagine starting your day knowing exactly where your vendor risks lie and the status of assessments, with automated third-party risk programs running smoothly and onboarding timelines cut in half. Now compare this to your current reality: countless hours spent in spreadsheets, conducting manual assessments, and endless email follow-ups. With 60% of organizations now managing over […]