We all know the past year has seen many challenges, including ongoing supply-chain disruptions, fallout from the Russian invasion of Ukraine, and widespread third-party breaches and security incidents. From healthcare to energy, no industry is immune to the attacks that are happening in our cyber world. New reports dig deeper into the trend happening in many industries today. It’s pretty darn scary, if you ask me. As one example, Prevalent’s new report The 2023 Third Party Risk Management Study provides deeper insights into current trends, hurdles, and programs that are impacting third-party risk management practitioners, which uncovers some current results. Let’s look at a few of them here. The report reveals roughly 41% of companies experienced an impactful third-party breach in the last 12 months. What’s more, they still depend on overlapping tools and manual process, which actually tend to slow incident response. The majority of respondents (71%) report the top concern regardin...
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