“More Money, More Problems:” Supply Chain Cyber Risk in the Forbes Global 2000

SecurityScorecard and Cyentia analyzed third-party cyber risk across the Forbes Global 2000, finding that 70%+ of firms have A/B security ratings while 12% experienced breaches in the past 15 months (331 confirmed breaches reported). The study highlights that vendors frequently have weaker security than their customers (69% of relationships), that a small set of vendors covers 80% of the market (four of eight of those vendors recently breached), and that breaches at large firms produce disproportionately high financial losses; it recommends stronger third-party risk management and use of SecurityScorecard services.