According to KPMG, 73% of organisations have experienced at least one significant disruption from a third-party cyber incident within the last three years. And with breaches involving third parties costing businesses more than $4.29 million on average - investment in vendor risk frameworks is increasing at a rapid rate.
Technology plays an integral role in both personal and professional aspects of our lives but the importance of robust cybersecurity cannot be overstated. With threats looming everyday, the C-Suite and organisations alike need to be proactive in securing their digital defences to protect themselves against potential risks posed by third-party suppliers.
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According to KPMG, 73% of organisations have experienced at least one significant disruption from a third-party cyber incident within the last three years. And with breaches involving third parties costing businesses more than $4.29 million on average - investment in vendor risk frameworks is increasing at a rapid rate.
Technology plays an integral role in both personal and professional aspects of our lives but the importance of robust cybersecurity cannot be overstated. With threats looming everyday, the C-Suite and organisations alike need to be proactive in securing their digital defences to protect themselves against potential risks posed by third-party suppliers.
No comments yet