The next big breach might not happen at your clients' offices, but it could happen through a trusted vendor This article explores cost data breach. . Third-party exposure is no longer an exception in business; it's now a normal part of doing business.

The average cost of fixing a data breach that involves a third party is $4.91 million, according to IBM's 2025 Cost of a Data Breach Report. Companies that are dealing with more and more threats from third parties are looking for strategic partners who can own, streamline, and manage the entire third-party risk lifecycle. Most MSPs and MSSPs see the chance. The hesitation comes from delivery, and more specifically, whether TPRM can be done profitably on a large scale.

According to the Verizon 2025 Data Breach Investigations report, third parties were responsible for 30% of the breaches.

It is expected that global TPRm spending will rise from $8.3 billion in 2024 to $18.7 billion by 2030. Cynomi's Securing the Modern Perimeter guide shows how structured technology-enabled TPRM can grow from one-time consulting projects into a service line that can be repeated and has a high profit margin. Third-party risks are still there as vendor ecosystems grow to include more SaaS platforms, AI-powered tools, subcontractors, and stricter government oversight.

Cynomi's guide says that people who are good at managing these risks can get a lot of benefits in terms of both resilience and compliance. The guide covers every part of modern third-party risk management in great detail, showing service providers how to use this feature without hurting their profits. Anyone who wants to start their own managed services business should also read this book.

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