High Stakes, Higher Costs: The Rising Impact of Third-Party Breaches in Financial Services
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 […]
How to Close Your Third-Party Risk Vulnerability Gap
Is your organization exposed to hidden third-party risks that could create dangerous blind spots in your security posture? The numbers are alarming: 54% of breaches originate from third parties, yet only 30% of organizations assess even half of their vendor relationships. This growing vulnerability gap leaves your business exposed to compliance failures and costly security […]
8 Ways Your Business Benefits from a ProcessUnity Global Risk Assessment
Cyber threats are intensifying. Regulatory scrutiny is increasing. Legacy assessments simply can’t keep pace. To effectively manage third-party risk, you need a faster, smarter, more collaborative approach. That’s where ProcessUnity’s Global Risk Assessment delivers — helping you streamline cybersecurity evaluations, improve visibility, and scale assessments across your ecosystem. This infographic offers a snapshot of how […]
5 Key Elements of a Powerful Third-Party Risk Exchange
Are manual assessments and redundant vendor questionnaires slowing down your risk management process? Transform your assessment approach with a modern third-party risk exchange platform. By centralizing access to continuously updated, validated vendor data, the Global Risk Exchange eliminates inefficiencies and assessment fatigue for both you and your third parties, all while strengthening your organization’s risk […]
5 Essential Steps to Modernize Your Approach to Vendor Assessments
Third-party relationships have become a critical vulnerability point – with 54% of security breaches occurring via third-party relationships, according to VentureBeat. To mitigate these risks, it is vital to modernize your vendor assessment process and protect your organization from evolving third-party risks. This infographic outlines five fundamental steps to building a modern third-party risk management […]