Liminal Insights Report

Link Index for Cybersecurity Third-Party Risk Management

03/21/25

Report Overview

Third-party cybersecurity risk isn’t just an IT concern—it’s a critical business issue that impacts security, compliance, and operational resilience. Yet, reliance on outdated assessments, static questionnaires, and siloed data exposes organizations to ransomware attacks, data breaches, and supply chain vulnerabilities.

The challenge is growing. As cyber threats evolve and regulatory scrutiny increases, frameworks like DORA, GDPR, and HIPAA demand stronger third-party risk management. At the same time, fragmented risk management and a lack of automation make it harder for organizations to identify and mitigate cyber risks in real time—leaving them vulnerable to financial loss, reputational damage, and regulatory penalties.

To address this challenge, businesses need a more proactive, intelligence-driven approach. Automated Cyber TPRM solutions deliver continuous risk monitoring, real-time threat intelligence, and better vendor visibility—ensuring security teams can act before risks escalate.

The Link Index™ for Cybersecurity Third-party Risk Management benchmarks top vendors, offering a detailed market analysis and an overview of the vendor landscape. This report helps organizations compare providers, evaluate buyer preferences, and assess compliance readiness. It also highlights market challenges, solution capabilities, and the most effective approaches to managing third-party cyber risk. With clear insights into the leaders in Cyber TPRM, businesses can strengthen their security posture, reduce third-party cyber exposure, and meet the demands of an increasingly complex risk landscape.

What’s Inside the Report

Executive Summary

Market Overview: How ineffective risk assessments, fragmented risk signals, and evolving regulations reshape Cyber TPRM.
Vendor Landscape: An analysis of the top vendors, categorized by risk scoring, IT asset management, cloud security, and procurement solutions.
Vendor Profiles:Detailed evaluations of vendor capabilities, market impact, and product offerings.

Executive Summary

How Cyber TPRM providers define, manage, and remediate third-party risks from vendors, suppliers, and partners.
The evolving need for first-party and third-party risk management.
The six key capabilities vendors must fulfill to support Cyber TPRM.
Buyer insights include who purchases Cyber TPRM solutions, as well as their roles and responsibilities.
How Cyber TPRM solutions address the full vendor lifecycle, from discovery and due diligence to continuous monitoring and incident response.

Market Overview

How continuous monitoring, automation, and risk assessment methodologies are driving Cyber TPRM adoption.
Key purchasing priorities include solution accuracy, high-quality data, and continuous risk assessment.
The six key capabilities vendors must fulfill to support Cyber TPRM.
The increasing demand for interoperability, business verification tools, and robust service models.

Market Overview

In-depth profiles of leading Cyber TPRM vendors, including Bitsight, SecurityScorecard, ProcessUnity, ServiceNow, RiskRecon, and others.
Insights into how top vendors drive standards-based risk scoring, automation, interoperability, and cloud security.

Who Should Read This Guide?

This report is designed for CISOs, Heads of Third-Party Risk Management, Cybersecurity Operations Leads, compliance professionals, and risk management teams seeking actionable insights into Cyber TPRM technology solutions.

Methodology
The Link Index offers a detailed analysis and ranking of leading vendors for specific use cases, leveraging robust data and insights from Liminal’s market and competitive intelligence platform, Link. Liminal’s research team invites solution providers to participate in a company survey and analyst briefing. It uses a proprietary framework to assess and rank product capabilities based on their relevance to market needs. Liminal’s Digital Identity Landscape taxonomy and ontology are central to the Link Index, which precisely evaluates vendor solutions by buyer demand, product capability, and market presence. Liminal conducts a rigorous survey among buyers in the vendor selection process to identify the most in-demand product capabilities and the most valued product components. Market presence criteria included buyer satisfaction, market penetration, and brand recognition. The Link Index was designed to be used to inform go-to-market strategy and execution and provide guidance for solution buyers, specifically:
- Executives in corporate strategy
- Leaders of go-to-market execution
- Practitioners of solution implementation