In your opinion, what is the biggest challenge faced by organizations when it comes to third-party risk management?

Limited visibility into third-party activities30%

Lack of resources for managing third-party risks46%

Insufficient contractual protections54%

Resistance from third parties to comply with security requirements51%

All of the above16%

None of the above4%


2.3k views29 Upvotes1 Comment

Lead Cloud Transformation Architect, 10,001+ employees
The biggest challenge faced by organisations when it comes to third-party risk management:

- Vendor Lock-in
- Lack of visibility and control
- Complexity of the third-party ecosystem
- Regulatory and compliance requirements
- Lack of resources and expertise to manage 3rd party risk
- Cultural and language differences
- Changing political landscape (eg. Russia based 3rd party vendors)

To address these challenges, organisations need to establish robust 3rd party risk management programs that include policies, risk assessments, contractual obligations, monitoring mechanisms, exit strategy, and ongoing communication with third parties

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Very confident, it is comprehensive and effective35%

Somewhat confident, it covers the basics but could be improved44%

Not very confident, it needs significant improvements18%

My organization does not have a security awareness training program.2%


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Security features and compliance with industry standards24%

User-friendly interface and ease of use32%

Scalability and ability to manage multiple devices and platforms34%

Integration with existing systems and applications6%

Cost-effectiveness and value for money2%


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