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Businesses are often kept in the dark about third-party cyber breaches: what risk does this pose?

A study by Professor Alex Frino found the media often breaks news of security breaches first, potentially increasing the risk and exposure of third parties and vendors. He also found these third parties often aim to keep breaches confidential. Research from IBM and the Cyentia Institute also supported the argument, with reports that supply chain compromises accounted for nearly one-fifth of breaches in the last two years and substantially increased the cost of each breach.

Source: global.lockton.com –

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