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Risk

4/19/2019
10:00 AM
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Third-Party Cyber-Risk by the Numbers

Recent stats show that the state of third-party cyber risk and vendor risk management remains largely immature at most organizations.
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Scope of Third-Party Access

In an era of digital transformation that leans heavily on strong partnerships and open APIs, the scope of third-party access to sensitive information grows by the day at most organizations. According to a study by Ponemon Institute on behalf of Opus, companies now share confidential information with, on average, 583 third parties. All of this is adding up to additional risk of breaches. Approximately 59% of companies say they've experienced a data breach caused by one of their vendors or third parties in the past year.

Image Source: Adobe Stock (fgnopporn)

Scope of Third-Party Access

In an era of digital transformation that leans heavily on strong partnerships and open APIs, the scope of third-party access to sensitive information grows by the day at most organizations. According to a study by Ponemon Institute on behalf of Opus, companies now share confidential information with, on average, 583 third parties. All of this is adding up to additional risk of breaches. Approximately 59% of companies say they've experienced a data breach caused by one of their vendors or third parties in the past year.

Image Source: Adobe Stock (fgnopporn)

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