When it comes to third-party risk, security leaders often focus on the cybersecurity threats posed by their vendors. However, risk management professionals must also consider the physical security risks of their vendors to ensure the strongest possible security posture.
The 2022 Third Party Risk Management (TPRM) Industry Study from Prevalent, Inc. aims to explore current trends, challenges and initiatives impacting third-party risk management practitioners worldwide. Although organizations are starting to adapt their TPRM programs to address emerging cyber and physical risks, much more needs to be done to mature these programs.