The rise of breaches caused by third-party vendors reached an all-time high in 2018. This has driven organizations to take a much closer look at supplier and contractor security controls, as well as risk exposure throughout the delivery supply chain. According to a survey conducted last year by the Ponemon Institute, the average organization has 583 third-party vendors with access to sensitive data within their network. This level of interconnection resulted in 59 percent of organizations having experienced a breach caused by one of their vendors. Another 22 percent admitted that they couldn’t say for sure whether such a breach had occurred or not. Despite increased efforts to protect their kingdoms, there are too many unintended pathways being made available for attackers to exploit.
We live in an increasingly interconnected world and have created an on-demand society that expects instant access to information along with the ability to conduct business at any place and at any time. New technologies that provider faster services and improved economics are seen within new cloud architectures and the Internet of Things (IoT) is growing at an unprecedented pace—so much so that IoT devices are now already outnumbering the human population and will likely be in the operations of over 50 percent of companies in 2019. It’s an exciting time from a consumer perspective, as well as from a tech industry perspective. But with innovation comes new challenges—particularly when it comes to security.