The 2024 study demonstrates
Progress is being made in third-party risk management as respondents shifted focus from TPRM awareness and adoption to enforcement and compliance. That’s according to a new survey by BlueVoyant, a cyber defense company. The fifth annual global survey into supply chain cyber risk management highlights ongoing investment in technology and talent to enhance supply chain security.
This year’s study found 81% of organizations reported negative impacts from supply chain breaches over the past twelve months, down from 94% in 2023. While this is a marked improvement, the vast majority of organizations are still reporting breaches.
“More organizations than any previous year indicated that their primary focus is no longer on awareness of the third-party risk management problem or adoption of a program, but rather with the operational, day-to-day challenges of managing an effective program,” said Joel Molinoff, global head of Supply Chain Defense at BlueVoyant. “While this progress also brings many new challenges, it indicates a major step in the right direction when contrasted with previous years where many organizations had poor tracking of…
