CCI staff share recent surveys, reports and analysis on risk, compliance, governance, infosec and leadership issues. Share details of your survey with us: editor@corporatecomplianceinsights.com.
Supply chain cyber breaches affect 81% of organizations
More than four-fifths of organizations (81%) reported being negatively impacted by cyber breaches in their supply chain over the past year, though this represents an improvement from 94% in 2023, according to new research from BlueVoyant, a cyber defense company. Organizations experienced an average of 3.7 breaches during this period.
The study reveals a shift in third-party risk management priorities, with companies now focusing more on enforcement and compliance rather than basic awareness and program adoption. Despite increased investment in technology and talent, organizations continue to face significant challenges in monitoring their supply chain security, with only 32% of third-party vendors being regularly monitored.
The healthcare sector appears particularly vulnerable, with 87% of healthcare and pharmaceutical companies reporting supply chain breaches — the highest rate across all industries studied.
Other key findings:
- 86% of organizations increased their third-party risk management budgets.
- 36% of organizations have taken a more active role in…
