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From the Cybersecurity News Desk

 98% of Organizations Doing Business with Third Parties Suffer a Breach

Most companies will do business with a third party, and security risks can become a bigger problem when you have someone else handling important information. According to an analysis conducted by the Cyentia Institute, a data science firm, the average firm has around 10 third-party relationships and 98% of them suffered a cybersecurity breach.

“Many organizations are still unaware of the dependencies and exposures inherent to third-party relationships, and simply focus on managing their own security posture,” stated in the analysis. Overall, there is a much higher likelihood that third parties will have security problems, meaning that companies can’t assume that all of their third parties are as diligent about security.

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