Third-party risk management (TPRM) has become one of the most critical challenges facing modern enterprises. As organisations rely on more vendors, SaaS tools and technology partners, they face less visibility, more scrutiny and growing pressure to prove that third-party risk is being managed effectively.
Every new vendor introduces another potential point of failure, while security teams are spending hours each week on manual reviews, evidence gathering and questionnaires. Customers, leadership and regulators now expect clearer assurance, but traditional vendor reviews can slow teams down without giving them a continuous view of risk.
In Europe, regulations like NIS 2 and DORA are accelerating this pressure by raising the bar for how organisations manage supply chain and vendor security. As vendor ecosystems expand and new technologies are adopted, risk and the pressure to manage it are increasing.
Risk is increasing – and changing in nature
According to Vanta’s State of Trust Report, more than two-thirds of security leaders (72%) say overall risk has never been higher.
