A Supply Chain Breach Affects 99% of Global 2000 Organizations

A new study conducted by SecurityScorecard has found that nearly all Global 2000 companies (99%) have been impacted by a supply chain breach. The study suggests that the interconnected nature of modern business could be a contributing factor to this, as a vulnerability in one part of the supply chain could have widespread effects, potentially affecting the entire network. 

Key highlights from the study include: 

• Supply chain breach incidents cost 17 times more to address and recover from compared to first-party breaches. 
• The total cost of Global 2000 breaches is estimated to be between $20 billion and $80 billion over a 15-month period. 
• 90% of Global 2000 companies serve as suppliers to one another, leading to a system of mutual dependence with heightened risk.

20% of these companies make use of 1,000 or more products, with at least 80% relying on the top eight most commonly used vendors. Shockingly, four out of the top five vendors on this list have recently experienced a breach.