Third-Party Risk Management Is Broken — AI and Supply Chain Complexity Making It Worse
Third-party risk management is broken as incidents doubled from 15% to 30% in one year. 62% still over-trust AI-generated questionnaire answers creating error amplification. Gartner predicts 50% of programs shift to continuous monitoring by 2028. Integrating GRC and TPRM delivers 20%+ cost reductions. Organizations must move from prevention to resilience, map Nth-party supply chains, use AI for monitoring not checkbox automation, and build incident response with dependency mapping.