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Third-Party Breaches Are on the Rise
Breaches caused by vendors and/or third-parties are on the rise. According to the Poneman Institute, 59% of companies have experienced a breach through a third-party connection. If this occurs on your watch, you’ll still be responsible. It gets expensive quickly, too. The average cost of a data breach in the US was $8.19 million in 2019. When it’s caused by a third party, you can add another $370,000 to repair the damage.
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