Third-party data breaches rise almost 50 percent

A new study from Prevalent shows third-party Breaches have risen 49 percent year-on-year, increasing threefold since 2021. The survey of IT professionals conducted in February and March this year shows 61 percent of companies experienced a third-party data breach or cybersecurity incident last year. "What stands out in our report isn't only the number of breaches, which is the highest we’ve tracked, but also the scale," says Prevalent CEO Kevin Hickey. "Breaches in 2023 impacted huge supply chains -- from Okta and LastPass to Change Healthcare and PJ&A -- exposing sensitive records of millions of people worldwide. There has never… [Continue Reading]