2024 saw a 33% rise in supply chain cyber risk incidents, impacting over 183,000 customers per Stocklytics.com.
On average, supply chain attacks take 233 days to detect and 74 days to contain—37 days longer than standard data breaches, per IBM’s 2023 Cost of a Data Breach Report.
Each third-party business partner's breach cost an average of $4.8 million—11.8% more than a direct breach, per IBM’s 2023 Cost of a Data Breach Report.
CyberVadis also benefits vendors by providing them with assessments which are not only valuable to you as their client but also to their other customer engagements, fostering a win-win scenario. This strategy ensures a streamlined and efficient approach to enhancing the cybersecurity posture of your supply chain. Read the Success Story
Eric Kawka
GRC CISO, Eramet