Just 3% of UK Firms Escaped a Supply Chain Breach in 2021
Some 97% of UK organizations suffered a supply chain breach over the past year, up from 82% in 2020 and the second highest figure globally, according to BlueVoyant.
The security firm polled 1200 C-level executives with responsibility for managing risk in supply chains, across the UK, US, Singapore, Canada, Germany and the Netherlands.
UK firms also experienced a higher-than-average percentage of breaches: 59% suffered between two and five supply chain incidents compared to an overall average of 49%. The average number of breaches in the country grew from 2.64 in 2020 to 3.57 in 2021.
Perhaps unsurprisingly given these figures, only a quarter (27%) of UK respondents said they consider third-party cyber risk a key priority versus a 42% global average.
This is despite the fact that budgets are on the rise: 92% said third-party cyber risk management funds are increasing in 2021, up from 87% in 2020.
The figures are increasingly concerning as supply chains expand, driving up complexity and creating potential visibility and control gaps. The number of companies reporting supply chains with more than 1000 partners rose from 8% in 2020 to 43% in 2021 — meaning