TPRM and safety questionnaires have been initially developed to make sure thorough vetting of third-party relationships and real danger mitigation. However these instruments have expanded into advanced, redundant, and typically nonsensical paperwork which might be extra about optics than safety. Reasonably than including worth, they usually function bureaucratic gestures towards compliance, including little perception into actual dangers.
The irony is that this auditing course of has led to a false sense of safety. Firms consider that by finishing these checklists, they’ve lined their bases when in actuality they’re nonetheless uncovered to dangers these processes have been designed to mitigate. This isn’t simply ironic; it’s reckless, and we allowed it to occur.
The results of this checkbox tradition prolong past ineffective danger administration and have led to “questionnaire fatigue” amongst distributors. In lots of circumstances, safety questionnaires are delivered as one-size-fits-all templates, an method that floods recipients with static, repetitive questions, a lot of which aren’t related to their particular position or danger posture.
