Third-Party Vendor Incidents Emphasizes the Need for Better Due Diligence Processes
2020 saw a sharp spike in the number of incidents involving vendors, which amounted to over 25 percent of the total incidents handled in 2020, and the trend is continuing well into 2021.
Vendor incidents involved entities in all industry segments but were particularly pronounced in the education and healthcare sectors. Vendor incidents involved phishing schemes and inadvertent disclosures but primarily resulted from ransomware attacks.
