Nearly All Firms Have Ties With Breached Third Parties

Almost all companies are exposed to risks via third party relationships, according to Cyentia Institute’s study. It revealed that 98% of firms engage with at least one third-party partner who has experienced a data breach. The research also indicated that companies typically have 60 to 90 times more indirect relationships, or fourth parties, than direct third-party links. Such extended relationships increase the risk, especially as the security standards of these additional parties can vary and are often below that of the primary business.