Cottrill Research, LLC

Opus and Ponemon Institute Study Reveals Third-Party Supplier Data Risk Realities and Perceptions

Opus and Ponemon Institute Study Reveals Third-Party Supplier Data Risk Realities and Perceptions

Opus and the Ponemon Institute revealed results of Ponemon Institute’s “Data Risk in the Third-Party Ecosystem” study. Over 1,000 CISOs and risk professionals across the US and UK were surveyed about third-party suppliers and partners and protecting shared sensitive information. Key insights to consider:

  • 59% of companies said they have experienced a data breach caused by a third-party supplier or partner.
    • It is higher in the US with 61%, an increase of 5% over last year, and a 12% increase since 2016.
  • Several breaches are not known, with 22% admitting being unaware of any third-party data breach in the past 12 months.
  • Less than half indicate that managing third-party relationship risks is effective and a priority within their organization.
    • Only 37% indicate they have sufficient resources to manage third-party relationships; 35% rate their third-party risk management program as highly effective. More than 50% are unaware if supplier safeguards put in place are effective enough.

The open access report can be downloaded here.

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