While third-party risk management is a well-established practice, it’s also continuously evolving. Organizations of all sizes and industries must continually adapt and change to effectively identify, assess, manage, and monitor third-party risks. By analyzing the third-party risk management landscape and practices captured in our survey, organizations can see where they stand compared to their peers and consider that information as they prepare and implement changes this year and beyond.

For our seventh annual survey, Venminder surveyed individuals from a wide variety of organizations and industries, including financial services, fintech, retail, food services, insurance, healthcare, information technology, and more in a nice balance of different sizes ranging from less than $1B assets of less than 100 employees to more than $10B assets or more than 5,000 employees.