"The 2025 Verizon Data Breach Investigations Report found that third parties are involved in 30% of breaches. IBM's 2025 Cost of a Data Breach Report puts the average remediation cost of a third-party breach at $4.91 million."
"Security no longer stops at owned infrastructure. It extends across an interconnected ecosystem of external providers, and the accountability that comes with it extends there, too."
"Organizations facing mounting third-party threats are looking for strategic partners who can own, streamline, and continuously manage the entire third-party risk lifecycle."
"For proactive service providers, this shift creates a substantial opportunity to introduce new service offerings and deliver higher-value consulting."
Cybersecurity has evolved beyond a defined perimeter, with client data now residing in third-party applications and processed by unknown subcontractors. Third-party breaches account for 30% of incidents, with average remediation costs reaching $4.91 million. Organizations are increasingly seeking strategic partners to manage third-party risks effectively. This shift presents a significant opportunity for service providers to enhance their offerings and become integral to clients' security and compliance strategies, moving from a compliance formality to a core risk function.
Read at The Hacker News
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