How The Vendors You Rely On Could Be Hurting Your Security And Bottom Line

Over the last few years, we’ve seen hackers take advantage of one thing all too many organizations are dealing with vendor sprawl. To keep up with digitalization and evolving demands, working with third-party vendors has become critical for businesses. Yet when it comes to effectively secure vendor access, many are falling short, with 49% of organizations experiencing an attack through a third party within the past 12 months, according to a 2022 Ponemon report conducted by our company. When manually managing a multitude of applications and systems all owned by different entities, organizations will undeniably see greater dependencies, complexities, vulnerabilities and higher costs.

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