All Access Third Party Risk Management 2023

Third parties represent a significant cyber security risk.  74 percent of organizations say they had experienced a cybersecurity breach in the previous 12 months because they gave “too much privileged access” to third parties. Not only are their numbers increasing year on year (with 60% of companies having more than 1000 third parties), but they also broaden a business’s potential attack surface, often have less stringent cyber security measures in place and can be seen as a softer target by cyber criminals. Despite this risk, many organizations are unaware of the number of third parties they have exposure to, the nature of the cyber security measures in place with their partners and an ability to monitor threats across their full attack surface.