What department typically owns the Third Party due diligence/assessment process?

Third Party Risk Management (TPRM)

Procurement13%

Operational Risk45%

Audit20%

Vendor Risk Management 10%

Cybersecurity10%

Legal2%

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Do you use a central monitoring system for all security alerts?

Yes59%

No, but we are considering implementing one.33%

No6%

Unsure

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Certificates of Insurance (COI): Collecting from Suppliers for Risk Mitigation • Does your company collect COIs annually from your suppliers? • What criteria do you use to determine from which suppliers to collect COIs annually? Are there industry benchmarks for this?

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How often does procurement include cyber risk assessment requirements in their engagement requests?

Always19%

Often37%

Sometimes26%

Rarely15%

Never1%

Not sure

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