One security problem with SaaS is implicit trust, said Paul Shread, international editor for The Cyber News from threat intelligence vendor Cyble. You've invited the vendor deep into your environment.
The average cost of a data breach this year is $4.88 million, the highest average on record, according to the 2024 IBM/Ponemon Cost of a Data Breach Report.
According to a study by Prevalent, a third-party risk management provider, 61% of companies reported a third-party breach in 2023, an increase of nearly 50% in the previous 12 months.
The average time from a breach happening to its being discovered is 194 days, and the average time from discovery to the breach being contained is 292 days.
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