99% of Global 2000 organizations are linked to a supply chain breach
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A report by SecurityScorecard reveals that almost all Global 2000 companies (99%) are connected to a supply chain breach. The report asserts that the interconnected nature of modern business may be partially responsible for this, as a vulnerability in one part of the supply chain may have far-reaching consequences, potentially impacting an entire ecosystem.
Key findings from this report include:
- Supply chain breach incidents cost 17 times more to manage and remedy than first-party breaches.
- It is estimated that Global 2000 breaches cost between $20 billion and $80 billion within 15 months.
- 90% of Global 2000 companies act as vendors to each other, creating an interdependent ecosystem with concentrated risk.
20% of these companies utilize 1,000 or more products. Furthermore, at least 80% of Global 2000 companies use the top eight most widely employed vendors. Four out of the top five vendors on this list recently reported a breach.
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