Vendor Vulnerability Index brings security risk of third-parties to light

What do organizations really know about their relationships with their vendors?

It’s a question that many organizations can’t answer, and for IT, that lack of visibility could quickly spell trouble. That’s why we wanted to find out more about vendor access on a global scale, asking tough questions that companies need to know about their third party relationships in order to shore up IT security.

Our first Vendor Vulnerability Index research report produced eye-opening results that are likely a wake-up call to many business leaders, CIOs and senior IT managers. Among the findings:

  • The global index found an average of 89 vendors are accessing a company’s network every week.
  • Shockingly, 92 percent of respondents reported they trusted their vendors completely or most of the time.
  • 69 percent said they definitely or possibly suffered a security breach resulting from vendor access in the past year.
  • In the U.S., just 46 percent of companies said they know the number of log-ins that could be attributed to vendors.
  • Only 51 percent enforce policies around third party access.

The Vendor Vulnerability Index was covered extensively in the media. CSO Online, one of the most widely-read IT security publications, wrote about the index in this article, “Only a Third of Companies Know How Many Vendors Access Their Systems.

In addition, the index was featured in access management news site Solutions Review with an article titled “Third Party Vendors Pose an Outsized Security Threat, Survey Finds,” while Legal Tech News wrote, “An Overlooked Insider Threat? Many Fear Vendor-Related Breach: Survey.”

The report was also covered in InformationWeek, Government Computer News, and Help Net Security.

As a growing IT security issue and a leading cause of data breaches, vendor access is going to continue to make headlines. Click here to download a free copy of the Vendor Vulnerability Index to read the full results and see how your organization stacks up.  

Elizabeth Hulsey is the Public Relations Specialist at Bomgar

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