Third-party cyber risk is one of the fastest growing security sectors.

This past May, BlueVoyant commissioned its second annual survey undertaken by independent research organization, Opinion Matters. Twelve-hundred CIOs, CISOs, and CPOs (Chief Procurement Officers) responsible for supply chain and cyber risk management were surveyed from companies with 1,000 or more employees across a range of industries.

To gain a global perspective, the research was conducted in the following countries: U.S., Canada, Germany, The Netherlands, the United Kingdom, and Singapore.

Key Findings:

• 93% of companies have suffered a cybersecurity breach because of weaknesses in their supply chain/third-party vendors
• 97% of companies have been negatively impacted by a cybersecurity breach that occurred in their supply chain
• The average number of breaches experienced in the last 12 months grew moderately since last year (from 2.7 to 3.7), a 37% year-over-year increase

Download the full report to understand the full scope of third-party supply chain cyber risk.