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73% of large organizations with 5,001 or more employees fall into the lowest TPRM confidence tiers.

Individual TPRM professionals are responsible for 100 or more vendor relationships.

13% of the most mature TPRM programs view TPRM as little more than a compliance formality.

73% of financial institutions have two or fewer full-time employees managing vendor risk.

Nearly half of financial institutions cite auditors and regulators as primary drivers for enhancing TPRM programs.

49% of financial institutions experienced a vendor-related cyber incident in the past year.

Financial institutions using manual TPRM processes report 50% lower satisfaction with their tools.

Nearly 87% of financial institutions use TPRM software.

72% of financial institutions are only partially aware of which vendors use AI, and 0% feel extremely confident managing vendor AI.

Financial institutions using manual TPRM processes are 71% more likely to receive exam findings.

63% of TPRM programs operate with just one or two dedicated full-time employees.

13% of TPRM programs have no dedicated staff.

26% of the most mature TPRM programs report TPRM delivering high value across the organization.

67% of organizations with no TPRM processes view TPRM as little more than a compliance formality.

10% of financial institutions still rely on spreadsheets, down from 13% in 2025.

53% of TPRM programs manage 300 or more vendors.

Half of financial institutions surveyed oversee 300+ vendors.

66% of financial institutions report feeling pressure to enhance their TPRM programs.

Of the financial institutions who experienced a vendor-related cyber incident, 66% had recovery times under 60 days .

85% of financial institutions report moderate to high value from their TPRM programs.

Of the financial institutions who experienced a vendor-related cyber incident, 8% had recovery times more than 90 days .

Artificial intelligence ranks as the second-biggest TPRM risk heading into 2025 among financial institutions.