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 […]
5 Critical Regulations Reshaping TPRM in Financial Services
The pressure on financial institutions to manage third-party risk is mounting — and the stakes have never been higher. As one of the most highly regulated industries in the world, the financial sector faces intense scrutiny from regulatory bodies across the globe — with potentially budget-breaking consequences for non-compliance. In 2024, financial institutions faced an […]
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 […]
How Third-Party Vendor Risk Disrupts Business Continuity, and What to Do About It
Your third-party vendors are delivering on time, business operations are efficient and planned, and customers are satisfied. Then, without warning, a third-party disruption brings everything to a halt. Everything’s Running Smoothly — Until It’s Not What started as a potentially minor issue, one only involving your third party, can quickly spiral into a full-scale crisis […]