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IDC PeerScape: Practices to Develop a Security-Focused Third-Party Risk Management Program

Publisher IDC
Published Apr 07, 2026
Length 11 Pages
SKU # IDC21084360

Description

This IDC PeerScape explores how organizations are using third-party risk management to securely use third-party products and services. The alternative — not knowing what the risks are — could mean an organization falls outside its acceptable risk appetite.“Using third parties is standard business practice to such a point that it’s impossible to think of modern business without it. However, with many examples of hacks and data breaches of third parties and critical vendors, it’s essential that organizations build a robust third-party risk management program, with at least a focus on IT security, but of course also other areas such as privacy, compliance, and legal,” says Nick Kirtley, adjunct research advisor for IDC’s IT Executive Programs (IEP).

Table of Contents

11 Pages

IDC PeerScape Figure

Executive Summary

Peer Insights

Practice 1: Assess potential new third parties to ensure they have implemented a security program

Challenge

Example

Major telecommunications company

International retailer

Major financial company

Guidance

Practice 2: Periodically monitor third parties with frequent reviews, looking at adherence to security clauses, open improvement areas, and new regulatory requirements

Challenge

Example

Major telecommunications company

International retailer

Major financial company

Guidance

Practice 3: Further develop the third-party risk management program for improved security posture

Challenge

Example

Major telecommunications company

International retailer

Major financial company

Guidance

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