We have become numb to the constant reports of data breaches at private sector, government and nonprofit organizations. The volume of personal and financial data compromised in recent years is mind-boggling. With 63% of all data breaches linked directly or indirectly to third party access, those contractors and suppliers who need to get access to corporate applications in order to get their job done represent risk to any organization.
While a significant risk vector, only 2% of respondents consider third party access their top IT priority. The survey revealed that nearly every other category of IT spend - ranging from infrastructure to mobile to security - garnered more budget.
And the problem is not going away; in fact it is getting worse. 87% of IT professionals report their organization’s use of contractors has increased 49% since 2013, and 40% expect it to increase even more during the next 3 years.
“The results of our survey highlight the disconnect between IT priorities and the urgent need to mitigate third party data breaches,” said Mark Carrizosa, chairman of the Third Party Advisory Group and chief information security officer and vice president of security at Soha Systems.
2015 Energy Industry Cybersecurity Report
Strategic Cybersecurity: A Toolkit for Prioritizing, Coordinating, and Transforming Your Cybersecurity Program