Over 90% of Firms Suffered Supply Chain Breaches Last Year

Over 90% of Firms Suffered Supply Chain Breaches Last Year

BlueVoyant.

The services company polled 1200 IT and procurement leaders responsible for supply chain and cyber-risk management from global companies with 1,000+ employees to compile its report: Managing Cyber Risk Across the Extended Vendor Ecosystem.

It revealed the average number of breaches experienced in the past 12 months grew from 2.7 in 2020 to 3.7 in – a 37% year-on-year increase.

Although the percentage of companies that don’t consider third-party risk a priority has fallen from 31% last year to 13% in 2021, the number who admit they have no way of knowing if an incident has occurred in their supply chain rose from 31% to 38%.

In addition, while 91% of respondents said budgets were increasing this year to help tackle the risk, investments don’t seem to be making an impact.

Typical pain points highlighted by the report include:

Managing false positives and large volumes. Prioritizing risk. Understanding the company’s own risk position.

“Budget increases demonstrate that firms

Read More: https://www.infosecurity-magazine.com/news/90-firms-supply-chain-breaches/