
Third-Party Cyber Risks Are Escalating. Are You Protected?
In today’s interconnected world, most businesses rely on third parties such as vendors, suppliers and service providers to operate efficiently. However, each external relationship introduces potential cybersecurity risks, from data breaches to compliance violations. Third-party risk management is the proactive process of identifying, assessing and mitigating these risks to protect sensitive data, maintain regulatory compliance and safeguard business continuity.
- 62% of organisations experienced a supply chain attack in 2024
- Average cost of a supply chain breach: $4.35 million
- 75% of third-party security incidents stem from weak vendor security
- New regulations such as GDPR, NIS2 and DORA require strict third-party security controls