There is a growing problem in how applicant tracking systems are being used in hiring, and it is one that deserves more honest scrutiny. Too often, ATS platforms are treated as decision engines rather than what they actually are: administrative tools designed to support process, not replace judgment.
The numbers don’t lie. 96% of S&P 500 companies have experienced data breaches. 41.8% of fintech breaches can be traced back to third-party vendors. 68% of UK fintechs report rising fraud cases, with losses reaching as much as £5 million.These aren’t isolated incidents; they are symptoms of a systemic issue. As organizations become more reliant on third-party ecosystems, the costs of insufficient Third-Party Risk Management (TPRM) have never been greater.