5 Cybersecurity Frameworks Financial Institutions Can’t Afford to Ignore
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 […]
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 […]
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 […]
The Ultimate Guide to Managing the Third-Party Risk Management Lifecycle
Third-party risk is growing—and so is the pressure on teams to assess, monitor, and manage hundreds (or thousands) of vendors with limited resources. Traditional approaches can’t keep up.
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 […]
ProcessUnity Evidence Evaluator: AI-Based Third-Party Controls Validation
See how ProcessUnity’s GenAI-powered feature simplifies third-party risk assessments. In just 60 seconds, discover how Evidence Evaluator automates control validation and delivers instant vendor intelligence—so your team can work faster and smarter.