The Cost of Third-Party Cybersecurity Risk Management

The Cost of Third-Party Cybersecurity Risk Management

Third-party breaches remain a dominant security challenge for organizations, with over 63% of breaches linked to a third party. Clearly, both organizations and their third parties are wasting critical financial and human resources on programs that aren't optimized to help them reduce cyber risk in their shared ecosystems.

In a 2019 Ponemon study, more than 600 cybersecurity professionals of various industries were polled to learn more about the cost and efficacy of the tools and processes used to conduct third-party cyber risk management today. All are involved in managing their organizations' third-party cyber risk management programs (TPCRM), and believe that it is critical to have cybersecurity risk management controls in place.

Download this survey report to:

  • Learn about the effectiveness and cost of current TPCRM methods
  • Identify which practices provide the most ROI
  • Receive industry insights on common approaches and trends

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