The escalation of supply chain cyber incidents has exposed a major weakness in how organisations manage risk: a reliance on rigid, siloed approaches that struggle to keep pace with today's complex digital ecosystems. In an era where every business is connected by intricate and sometimes hidden digital dependencies, a fragmented system of Third-Party Risk Management (TPRM) is no longer fit for purpose.
This white paper offers a counter-argument to the traditional TPRM orthodoxy, proposing a new model based on deeper, structured collaboration to transform your approach from a reactive, compliance-driven function to an active cyber defence discipline.
Download our exclusive white paper and learn how to build a TPRM programme that is not just effective, but truly resilient.
Discover how to overcome siloed responsibilities and align information security, procurement, and compliance functions under shared governance to create a complete view of third-party risks.
Shift your perspective from viewing suppliers as mere liabilities to treating them as security partners. Learn how building direct relationships with your suppliers’ security teams and offering them support will lead to better TPRM outcomes.
Understand why working in silos is undermining supply chain security and how to collaborate with industry peers. By sharing intelligence and using a standardised assessment framework, you can spread the burden, identify systemic risks, and mobilise resources more rapidly when new threats emerge.
This section explores why internal cross-team collaboration is critical for an effective TPRM programme. It details how a lack of communication can lead to overlooked suppliers, compliance issues, and slow incident response times. You will find prescriptive advice on how to foster this collaboration, including providing education, establishing clear communication channels, and introducing cross-functional goals.
This chapter challenges the traditional one-to-one assurance model, which often creates tension and duplicates work. It shows you how to overcome these persistent shortcomings by building direct relationships with suppliers' security teams and viewing them as co-responsible partners. The paper also highlights how a collaborative platform, such as Risk Ledger, can enable real-time communication, standardise assessments, and save valuable time and resources for both clients and suppliers.
Discover how siloed TPRM practices are inefficient and difficult to scale, leading to point-in-time assessments and an incomplete risk picture. This section makes the case for a "Defend-as-One" approach, where industry peers share supplier data and insights to uncover systemic risks and improve collective incident response. The paper demonstrates how platforms can facilitate these communities of interest, enabling organisations to share best practices and work together to mitigate risks.