With the rise of supply chain attacks, the security of suppliers, clients and business partners is under increased scrutiny.
This led security rating provider SecurityScorecard and the Cyentia Institute to investigate organizations' worldwide vendor risk exposure in a new study called Close Encounters of the Third (and Fourth) Party Kind, published on February 1, 2023.
They found that 98.3% of organizations worldwide work closely with at least one third-party vendor that has been breached in the last two years and that over 50% of them have an indirect relationship with 200 fourth-party vendors – third-party vendor’s partners or suppliers – that have been breached in the last two years.
“A data breach is one of the most obvious and serious symptoms of a security issue,” Mike Woodward, Vice President of Data Analytics at SecurityScorecard, told Infosecurity.
“That’s why these staggering numbers are very concerning,” he said.
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