9 Third-Party Risk Monitoring Tools That Actually Cut Vendor Assessment Time
Nearly one in three cyber breaches now start with a supplier, McKinsey found in 2024. A single vendor review cycle often spans 3 to 5 weeks due to manual evidence chasing, according to Forrester's 2024 State of Third-Party Risk Report. And a May 2025 Gartner brief warns that this "perfect storm" of attacks, supply-chain shocks and new regulations is forcing boards to modernize third-party risk-fast.