Third parties spend 15,000+ hours completing assessments each year.
– Ponemon Institute
Less than 17% of organizations feel their current systems effectively managed third-party risk.
– Ponemon Opus 2017 Third Party Data Risk Study
Approximately 66% of companies extensively or significantly rely on third-party vendors.
– The Institute of Internal Auditors Research Foundation (IIARF)
57% of organizations don't have an inventory of all 3rd parties
– PwP 2016 Global State of Information Security Report