Market Insight: Elevating Cyber Security Across Third-Party Networks
Access this research
Access all Third-Party Risk Management content with a strategic subscription or buy this single report
Need help or have a question about this report? Contact us for assistance
Executive Summary
Third-party ecosystems have become structurally embedded in organizations’ operations. The growth of these partner networks has also induced risk growth, particularly across cybersecurity functions. According to the World Economic Forum (WEF), the number of firms with a “healthy baseline of cyber capability” has dropped by 31% over the last two years. Pressure to move faster and to keep pace with emerging global regulations has seen persistent access pathways abused, fourth parties exposed, and point-in-time vendor assurances failing to detect controls drifting. This report identifies the key cybersecurity concerns of buyers and explores their development, examining how third-party risk management (TPRM) solutions can reduce cyber risks for customers.
About the Authors
Tom Murphy
Analyst
Tom is an analyst at Verdantix, specializing in third-party, GRC, reputational and geopolitical risk. His current research agenda focuses on how organizations can insulate the...
View Profile
Bill Pennington
VP Research
Bill is VP Research at Verdantix, where he leads analysis on the evolving and interconnected landscapes of EHS, quality, AI and enterprise risk management. His research helps ...
View ProfileOther related content
Control of Work (CoW) is critical to preventing serious injuries and fatalities, the top priority of 80% of EHS leaders. Yet many organizations still rely on paper-based processes ...
Upcoming / 19 February, 2026
As global risks collide at unprecedented speed, static risk models are reaching their breaking point. AI disruption, escalating cyber warfare, climate-driven operational threats, a...
27 January, 2026
Episode 28 Climate change is not about 2050 – it’s a present-day business reality. From heatwaves changing travel patterns, floods shutting down hotels and transport hubs, and wi...
10 November, 2025
Climate risk is no longer a distant concern—it’s reshaping the way organizations think about resilience and accountability. For risk managers, the challenge isn’t just managing the...
20 November, 2025
Digital products are set to enter a new wave of cyber compliance in 2027. The EU Cyber Resilience Act (CRA), which entered into force on December 10, 2024, will officially apply fr...
17 September, 2025
As business resilience becomes more complex, so does the role of risk managers. Today’s risk teams are contending with an expanding set of challenges, including rising geopolitica...
22 October, 2025