3rd-party (aka supply-chain) cyber attacks were one of the main reasons for major data breaches in 2018. As NormShield, we regularly monitor, list, and analyze third-party data breaches. In our recent report, NormShield Major Third-Party Data Breaches of 2018, we provide a recap of 3rd-party data breaches that hit the news in 2018.
Third-party breaches are on the rise
Almost 60% of the companies experienced a data breach caused by 3rd party according to the 2018 Data Risk in the Third Party Ecosystem Study from Ponemon Institute.
Top 3 use of a third party
We reviewed 54 major data breaches caused by a third party and disclosed in 2018. Here are the top 3 uses by a third party
- Cloud-based storage, service or hosting providers
- Online payment, credit card processing, or point-of-sale systems
Over a billion records breached in 2018
In 2018, over a billion records exposed cumulatively according to NordVPN.
- Facebook announced that more than 50 million users were compromised. This exposure also puts all platforms using Facebook-login feature under 3rd-party cyber risk.
- Personal information of around 500 million guests of Marriott Hotels is under risk of exposure. The data breach started at Starwood Hotels before Marriott acquired them. This incident shows the importance of due diligence during M&A operations.
For more information about the other use of third parties caused data breach in 2018 with case studies, download NormShield Major Third-Party Data Breaches of 2018 report.
Your digital ecosystem multiplies your cyber risk
Each third-party become a part of your digital ecosystem also comes with its cyber risk. Monitoring third-party cyber risk is crucial to avoid data breaches. Let us talk more about how to monitor 3rd-party cyber risk. Schedule a demo now.