Why Third-Party Risk Is the Biggest Gap in Your Clients' Security Posture

This article argues that third-party risk management (TPRM) has become a critical security challenge and a growth opportunity for MSPs and MSSPs.

• •The 2025 Verizon DBIR found third parties are involved in 30% of breaches, with IBM reporting average remediation costs of $4.91 million per third-party breach.
• •Regulatory frameworks like CMMC, NIS2, and DORA now require ongoing, demonstrable oversight of third-party controls rather than point-in-time assessments.
• •Global TPRM spending is projected to grow from $8.3 billion in 2024 to $18.7 billion by 2030.
• •Traditional TPRM relies on manual workflows and senior consultants, making it costly and difficult to scale across client portfolios.
• •Cynomi's guide outlines how technology-enabled TPRM can be transformed into a repeatable, high-margin managed service line.