Information security is the risk topic of the year. Following the many cyber-breaches reported in 2016, most companies are setting focus on securing their own networks and data. But preventing the theft of sensitive information from third-party systems and personnel adds a new layer of complexity that must be addressed.
Despite incredible advances in technology and enhanced regulatory interest, the number of cyber-attacks involving access through third parties has grown dramatically. This isn’t surprising given that more than 80 percent of companies outsource some aspects of their business operations to third parties. The tasks third parties perform are becoming more customer-facing, including sales, distribution, and support services. As a result, third parties can have a more direct impact on a company’s reputation. Trustwave’s 2013 Global Security Report indicates 63 percent of data breaches can be linked to third parties. There is no reason to expect that number to get smaller in the coming year.
