{"id":5978,"date":"2021-06-16T11:31:19","date_gmt":"2021-06-16T06:01:19","guid":{"rendered":"https:\/\/www.kratikal.com\/blog\/?p=5978"},"modified":"2024-08-14T12:12:45","modified_gmt":"2024-08-14T06:42:45","slug":"third-party-data-breaches","status":"publish","type":"post","link":"https:\/\/threatcop.com\/blog\/third-party-data-breaches\/","title":{"rendered":"Third-party Data Breaches: A Rising Threat"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">As the infamous SolarWinds Attack wreaked havoc on several organizations around the world, the importance of including supply chain risk management in an organization\u2019s security framework became glaringly clear. The attack served as a reminder that security and privacy risks can come from a variety of vectors, including third-party service providers and vendors.&nbsp;<\/span><\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 ez-toc-wrap-center counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #414141;color:#414141\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #414141;color:#414141\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/threatcop.com\/blog\/third-party-data-breaches\/#Consequences_of_a_Third-party_Data_Breach\" >Consequences of a Third-party Data Breach<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/threatcop.com\/blog\/third-party-data-breaches\/#1_Financial_Losses\" >1. Financial Losses<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/threatcop.com\/blog\/third-party-data-breaches\/#Book_a_Free_Demo_Call_with_Our_People_Security_Expert\" >Book a Free Demo Call with Our People Security Expert<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/threatcop.com\/blog\/third-party-data-breaches\/#Enter_your_details\" >Enter your details<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/threatcop.com\/blog\/third-party-data-breaches\/#2_Legal_Battles\" >2. Legal Battles<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/threatcop.com\/blog\/third-party-data-breaches\/#3_Exposure_of_Sensitive_Information\" >3. Exposure of Sensitive Information<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/threatcop.com\/blog\/third-party-data-breaches\/#4_Damaged_Reputation\" >4. Damaged Reputation<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/threatcop.com\/blog\/third-party-data-breaches\/#Some_Disruptive_Third-party_Data_Breaches\" >Some Disruptive Third-party Data Breaches<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/threatcop.com\/blog\/third-party-data-breaches\/#How_to_Prevent_Third-party_Data_Breaches\" >How to Prevent Third-party Data Breaches?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/threatcop.com\/blog\/third-party-data-breaches\/#Perform_Due_Diligence_Before_Onboarding_the_Vendor\" >Perform Due Diligence Before Onboarding the Vendor<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/threatcop.com\/blog\/third-party-data-breaches\/#Limit_the_Vendors_Access_to_Data\" >Limit the Vendor\u2019s Access to Data<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/threatcop.com\/blog\/third-party-data-breaches\/#Keep_Tabs_on_the_Vendors_Cyber_Security_Controls\" >Keep Tabs on the Vendor\u2019s Cyber Security Controls<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/threatcop.com\/blog\/third-party-data-breaches\/#Train_your_Staff\" >Train your Staff<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/threatcop.com\/blog\/third-party-data-breaches\/#Conduct_Periodic_VAPT\" >Conduct Periodic VAPT<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">Even though third-party vendors, suppliers and partners are an indispensable part of a company\u2019s business, they also serve as a strategic target for cyber criminals. Third-party data breaches can have devastating consequences not only for the victim organization but also for everyone else involved.&nbsp;<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">According to a report by <\/span><a href=\"https:\/\/www.ponemon.org\/\" target=\"_blank\" rel=\"noopener noreferrer\"><b>Ponemon Institute<\/b><\/a><span style=\"font-weight: 400;\">, <\/span><b>51% of businesses have suffered a data breach caused by a third party,<\/b><span style=\"font-weight: 400;\"> with <\/span><b>44% suffering a breach within the previous 12 months<\/b><span style=\"font-weight: 400;\">. Out of these 44% organizations, <\/span><b>74% data breaches were the result of giving too much privileged access to third parties<\/b><span style=\"font-weight: 400;\">.&nbsp;<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Consequences_of_a_Third-party_Data_Breach\"><\/span><strong>Consequences of a Third-party Data Breach<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">When organizations do not take appropriate measures to shield themselves against third-party risk, they leave their business vulnerable to both security and non-compliance risks. These data breaches can be extremely disruptive and have some severe consequences for your business, including:<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_Financial_Losses\"><\/span>1. Financial Losses<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">Data breaches are expensive regardless of how they are caused. As per the <\/span><a href=\"https:\/\/www.ibm.com\/security\/data-breach\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Cost of a Data Breach report<\/span><\/a><span style=\"font-weight: 400;\"> by Ponemon Institute and IBM, <\/span><b>$3.92 million is the average cost of a data breach<\/b><span style=\"font-weight: 400;\">, while <\/span><b>$150 is the average cost of each lost record<\/b><span style=\"font-weight: 400;\">. One of the factors that can amplify the cost of the breach is who caused it. A breach costs more if a third party is involved. According to the report, <\/span><b>the cost of a third-party data breach tends to increase by over $370,000<\/b><span style=\"font-weight: 400;\"> and <\/span><b>$4.29 million is an adjusted average total cost of these data breaches<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n\n\n\n<!DOCTYPE html>\n<html lang=\"en\">\n\n<head>\n    <meta charset=\"UTF-8\">\n    <meta http-equiv=\"X-UA-Compatible\" content=\"IE=edge\">\n    <meta name=\"viewport\" content=\"width=device-width, initial-scale=1.0\">\n    <title>Document<\/title>\n<\/head>\n\n<style>\n    .interestedBtn {\n        width: 80% !important;\n        box-sizing: border-box !important;\n        display: inline-block !important;\n        padding: 11px !important;\n        border: 1px !important;\n        border-color: #ddd !important;\n        margin-top: 10px !important;\n        background-color: #183e8b !important;\n        background-image: none !important;\n        text-shadow: none !important;\n        color: #fff !important;\n        font-size: 14px !important;\n        line-height: 20px !important;\n        border-radius: 5px !important;\n        margin: 0 !important;\n        cursor: pointer !important;\n        box-shadow: 0px 4.66px 22.99px 0px rgba(0, 0, 0, 0.10);;\n    }\n\n\n        .formSec .formSecTwo{\n            padding-top: 15px !important;\n            margin-bottom: 30px !important;\n        }\n\n\n    .tnp-email {\n        width: 80% !important;\n        box-sizing: border-box;\n        padding: 8px 10px;\n        display: inline-block;\n        border: 1px solid #ced4da;\n        background: #fff;\n        color: #000 !important;\n        font-size: 13px;\n        line-height: 20px;\n        border-radius: 2px;\n        padding-right: 30px;\n        margin-bottom: 0px;\n    }\n\n    .formSec {\n        border: 1px solid #ced4da;\n        float: left !important;\n        width: 55% !important;\n    }\n\n    .mainBox {\n       \/* border: 1px solid #183e8b;*\/\n         background: white;\n        max-width: 600px !important;\n        margin: 0 auto !important;\n        padding: 20px !important;\n        font-family: Arial, Helvetica, sans-serif !important;\n    }\n\n    .boxDiv {\n        display: flex !important;\n    }\n\n    .boxConsult {\n        float: left !important;\n        width: 45% !important;\n        padding: 10px !important;\n    }\n\n    .formSecTwo {\n        text-align:center !important;\n        width: 100% !important;\n    }\n\n    .formHeading {\n        font-family: Arial, Helvetica, sans-serif;\n        margin-top: 0px;\n        font-weight: 700;\n        line-height: 25px;\n        font-size: 18px !important;\n        \n       margin-bottom: 60px !important;\n       color: #000!important;\n          margin-top: 5px !important;\n    }\n\n    .fieldHeading {\n        margin: 0 !important;\n        font-size: 13px !important;\n        text-align: left !important;\n        margin: 0px 39px 2px 93px !important;\n        font-weight: 500 !important;\n    }\n\n    .image {\n        max-width:90% !important;\n        height: auto !important;\n    }\n\n     .email-icon {\n            position: absolute;\n            right: 50px;\n             top: 20px;\n            transform: translateY(-50%);\n            pointer-events: none; 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\/* Make sure the icon doesn't block clicking on the input *\/\n        }\n       \n        .email-container{\n             position: relative;\n        }\n\n    }\n<\/style>\n\n<body>\n\n    <div class=\"mainBox\" box-sizing:=\"\" border-box;=\"\">\n\n        <div class=\"boxDiv\">\n\n            <div class=\"boxConsult\">\n                <div>\n                    <h3 class=\"formHeading\" style=\" font-size: 16px !important;\"><span class=\"ez-toc-section\" id=\"Book_a_Free_Demo_Call_with_Our_People_Security_Expert\"><\/span>\n                        Book a Free Demo Call with Our People Security Expert<span class=\"ez-toc-section-end\"><\/span><\/h3>\n                <\/div>\n                <img decoding=\"async\" src=\"https:\/\/awareness.threatcop.ai\/threatcop_blog\/form.svg\" class=\"image\">\n            <\/div>\n\n            <div class=\"formSec\">\n                <div class=\" formSecTwo\">\n                    <h4 style=\"margin-top: 0; font-size: 16px !important;\"><span class=\"ez-toc-section\" id=\"Enter_your_details\"><\/span>Enter your details<span class=\"ez-toc-section-end\"><\/span><\/h4>\n                    <div class=\"tnp tnp-subscription-minimal\">\n                        <form action=\"https:\/\/threatcop.com\/thankyou-blog\" method=\"get\" target=\"_blank\">\n                            <div class=\"email-container\" style=\"margin-bottom:20px;\">\n\n                                <input class=\"tnp-email\" type=\"text\" required=\"\" name=\"FullName\" value=\"\"\n                                    placeholder=\"Full Name\">\n                                    <span class=\"email-icon\"><img decoding=\"async\" src=\"https:\/\/awareness.threatcop.ai\/threatcop_blog\/icon01.svg\" class=\"img-fluid\" \/><\/span>\n                            <\/div>\n\n                            <div class=\"email-container\" style=\"margin-bottom:20px;\">\n                               \n                                <input class=\"tnp-email\" type=\"email\" required=\"\" name=\"email\" value=\"\"\n                                    placeholder=\"Corporate Email Id\">\n                                     <span class=\"email-icon\"><img decoding=\"async\" src=\"https:\/\/awareness.threatcop.ai\/threatcop_blog\/icon02.svg\" class=\"img-fluid\" \/><\/span>\n                            <\/div>\n\n                            <div class=\"email-container\" style=\"margin-bottom:20px;\">\n                               \n                                <input class=\"tnp-email\" type=\"text\" required=\"\" name=\"CompanyName\" value=\"\"\n                                    placeholder=\"Company Name\">\n                                    <span class=\"email-icon\"><img decoding=\"async\" src=\"https:\/\/awareness.threatcop.ai\/threatcop_blog\/icon03.svg\" class=\"img-fluid\" \/><\/span>\n\n                            <\/div>\n\n                            <div class=\"email-container\">\n                               \n                                <input class=\"tnp-email\" type=\"number\" required=\"\" name=\"Phone\" value=\"\"\n                                    placeholder=\"Phone No.\"><br>\n                                    <span class=\"email-icon\"><img decoding=\"async\" src=\"https:\/\/awareness.threatcop.ai\/threatcop_blog\/icon04.svg\" class=\"img-fluid\" \/><\/span>\n                            <\/div>\n                            <input type=\"hidden\" name=\"BlogForm\" value=\"BlogForm\"><br>\n                            <input class=\"tnp-submit interestedBtn\" name=\"submit\" type=\"submit\"\n                                value=\"SUBMIT\">\n\n                        <\/form>\n                    <\/div>\n                <\/div>\n            <\/div>\n\n        <\/div>\n    <\/div>\n\n<\/body>\n\n<\/html>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_Legal_Battles\"><\/span><b>2. Legal Battles<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">If your organization suffers a third-party data breach, you will be held liable for any customer records exposed during the breach, exposing you to costly state investigations and class action lawsuits. These legal battles and investigations will not only cost you dearly in the form of legal fees but also hamper your everyday business operations.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_Exposure_of_Sensitive_Information\"><\/span><b>3. Exposure of Sensitive Information<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">Third-party data breaches don\u2019t just result in the loss of funds or customer information. They can also cause the loss of your intellectual property. Ranging from data-stealing malware to ransomware that locks you out of your business data and threatens to sell it if the ransom isn\u2019t paid, there are several attack vectors that can expose your company\u2019s proprietary information and cause great damage.&nbsp;<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-10687\" src=\"https:\/\/threatcop.com\/blog\/wp-content\/uploads\/2021\/06\/E2.jpg\" alt=\"\" width=\"1000\" height=\"500\"><\/h3>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_Damaged_Reputation\"><\/span><b>4. Damaged Reputation<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">One of the worst consequences of a data breach, regardless of whether it is caused by you or a vendor, is the damage to your company\u2019s reputation. Even if the data breach is in no way your fault, all that matters to your customers is that they trusted you with their information and you let them down. This can also have a huge financial impact on your business.&nbsp;<\/span><\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><i><span style=\"font-weight: 400;\">\u201cIt takes 20 years to build a reputation and a few minutes of cyber-incident to ruin it.\u201d<\/span><\/i><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">&#8211; St\u00e9phane Nappo, CISO at Soci\u00e9t\u00e9 G\u00e9n\u00e9rale International Banking<\/span><\/p>\n<\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Some_Disruptive_Third-party_Data_Breaches\"><\/span><b>Some Disruptive Third-party Data Breaches<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">There have been a series of security incidents involving third-party breaches all around the globe. Here is a list of some of the recent third-party data breaches that have occurred worldwide:<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">1. In April 2021, the <\/span><b>Pennsylvania Department of Health announced a data breach<\/b> <b>that involved a third-party vendor engaged to provide COVID-19 contact tracing<\/b><span style=\"font-weight: 400;\">. As the result of this breach, the personal information of many Pennsylvania residents was potentially compromised. The breach occurred when the vendor company\u2019s employees used an unauthorized collaboration channel. This is another example of the <\/span><a href=\"https:\/\/www.kratikal.com\/blog\/growing-significance-of-cyber-security-in-healthcare-industry\/?utm_source=Blog&amp;utm_medium=Kratikal%20Blog&amp;utm_campaign=Third-party%20Data%20Breaches%3A%20A%20Rising%20Threat\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">growing significance of cyber security in the healthcare industry<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n\n\n<div class=\"wp-block-image size-full wp-image-10688\">\n<figure class=\"aligncenter\"><img loading=\"lazy\" decoding=\"async\" width=\"764\" height=\"534\" src=\"https:\/\/threatcop.com\/blog\/wp-content\/uploads\/2021\/06\/TP1.png\" alt=\"\" class=\"wp-image-10688\"\/><figcaption class=\"wp-element-caption\"><span style=\"color: #000000;\">Rick Earle\u2019s Tweet on the Pennsylvania Department of Health data breach (Source: Twitter)<\/span><\/figcaption><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">2. India\u2019s second-largest stock broker, <\/span><a href=\"https:\/\/timesofindia.indiatimes.com\/business\/india-business\/upstox-face-data-breach-co-says-ramped-up-security\/articleshow\/82021166.cms\" target=\"_blank\" rel=\"noopener noreferrer\"><b>Upstox, suffered a data breach<\/b><\/a><span style=\"font-weight: 400;\"> in April, 2021 that <\/span><b>affected its 2.5 million customers<\/b><span style=\"font-weight: 400;\">. Over 56 million KYC data files were leaked including email IDs, date of birth, passports, PAN, etc. The infamous hacker group ShinyHunters gained access to the KYC details and contact data by compromising a third-party warehouse.&nbsp;<\/span><\/p>\n\n\n<div class=\"wp-block-image size-full wp-image-10689\">\n<figure class=\"aligncenter\"><img loading=\"lazy\" decoding=\"async\" width=\"758\" height=\"638\" src=\"https:\/\/threatcop.com\/blog\/wp-content\/uploads\/2021\/06\/TP2.png\" alt=\"\" class=\"wp-image-10689\"\/><figcaption class=\"wp-element-caption\"><span style=\"color: #000000;\">An internet security researcher tweeting about the Upstox data breach (source: Twitter)<\/span><\/figcaption><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\"><b>3. TriHealth medical system, based in Ohio, suffered a third-party data breach<\/b><span style=\"font-weight: 400;\">, resulting in the compromise of patient and employee data. TriHealth works with a law firm called Bricker &amp; Eckler, which experienced a breach of their email systems, leading to the exposure of personally identifiable and protected health information of certain TriHealth employees and patients. The law firm is contacting all the compromised individuals and has added new security protocols. These kinds of attacks are specially distressing as the sale of <\/span><a href=\"https:\/\/www.kratikal.com\/blog\/healthcare-data-on-dark-web-how-threat-actors-exploit-covid-19\/?utm_source=Blog&amp;utm_medium=Kratikal%20Blog&amp;utm_campaign=Third-party%20Data%20Breaches%3A%20A%20Rising%20Threat\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">healthcare data on the dark web<\/span><\/a><span style=\"font-weight: 400;\"> has become a major security issue.&nbsp;<\/span><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"538\" src=\"https:\/\/threatcop.com\/blog\/wp-content\/uploads\/2021\/06\/TP3-1024x538-1.png\" alt=\"\" class=\"wp-image-10690\"\/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">4. The popular wireless parking company <\/span><a href=\"https:\/\/www.wusa9.com\/article\/news\/local\/parkmobile-security-breach-exposes-some-basic-user-data\/65-876f7762-b39c-4642-9d81-5b78b4b9f783\" target=\"_blank\" rel=\"noopener noreferrer\"><b>ParkMobile was hit by a data breach<\/b><\/a><b> caused by a vulnerability in a third-party software<\/b><span style=\"font-weight: 400;\">. It is believed that the breach affected over 20 million accounts across the US. Basic information such as user email addresses, phone numbers and car license plates may have been stolen. The encrypted passwords were also accessed, however, the encryption keys required to read the passwords are still safe.&nbsp;<\/span><\/p>\n\n\n<div class=\"wp-block-image size-full wp-image-10692\">\n<figure class=\"aligncenter\"><img loading=\"lazy\" decoding=\"async\" width=\"491\" height=\"319\" src=\"https:\/\/threatcop.com\/blog\/wp-content\/uploads\/2021\/06\/TP4.png\" alt=\"\" class=\"wp-image-10692\"\/><figcaption class=\"wp-element-caption\"><span style=\"color: #000000;\">(Source: Krebson Security)<\/span><\/figcaption><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_Prevent_Third-party_Data_Breaches\"><\/span><b>How to Prevent Third-party Data Breaches?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">As many big and small organizations worldwide are becoming a victim of third-party data breaches, it has become essential to adopt the appropriate risk controls for preventing these breaches. Here are some measures you can take to shield your organization against this threat:<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Perform_Due_Diligence_Before_Onboarding_the_Vendor\"><\/span><b>Perform Due Diligence Before Onboarding the Vendor<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">One of the most important measures you can take to keep your data safe is to thoroughly analyze your vendor\u2019s cyber security risk before you onboard them. Make sure to check the vendor\u2019s cyber security policies, controls and procedures for performing a thorough assessment of their cyber security posture. Avoid providing the vendor with access to PII data before estimating the cyber risk they pose.&nbsp;<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Limit_the_Vendors_Access_to_Data\"><\/span><b>Limit the Vendor\u2019s Access to Data<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">The most effective way of preventing a third-party data breach is to limit a vendor\u2019s access to your data. Providing every vendor with unrestricted access to your data can significantly increase the likelihood of a data breach. You can limit data access depending on a vendor\u2019s security posture. Make sure your vendors can only access the data they need to get on with their jobs and nothing more.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Keep_Tabs_on_the_Vendors_Cyber_Security_Controls\"><\/span><b>Keep Tabs on the Vendor\u2019s Cyber Security Controls<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">It is imperative to regularly monitor your vendors\u2019 cyber security protocols. Hackers come up with new and sophisticated techniques for bypassing security controls every day. So, it is essential that your vendors constantly keep their security protocols and controls updated as well.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Train_your_Staff\"><\/span><b>Train your Staff<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">You employees enjoy access to lots of confidential and sensitive information, which can cause significant damage if compromised. To keep this data secure, it is essential to make sure that your employees are vigilant enough to prevent this data from getting leaked. They should know the consequences of sharing confidential data with outsiders, regardless of whether they are trusted vendors or loyal customers. Organizations should provide their employees with cyber security awareness training to make them cyber aware and responsible. You can use tools like <\/span><a href=\"https:\/\/www.threatcop.com\/\"><b>ThreatCop<\/b><\/a><span style=\"font-weight: 400;\"> to effectively generate cyber security awareness among your employees.<\/span><\/p>\n\n\n<p><iframe loading=\"lazy\" title=\"Why ThreatCop? | Cyber Security Awareness Tool\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/BzJHCCEY6FA?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conduct_Periodic_VAPT\"><\/span><b>Conduct Periodic VAPT<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">Conducting <\/span><a href=\"https:\/\/www.kratikal.com\/vapt-testing-companies.php?utm_source=Blog&amp;utm_medium=Kratikal%20Blog&amp;utm_campaign=Third-party%20Data%20Breaches%3A%20A%20Rising%20Threat\"><b>Vulnerability Assessment and Penetration Testing<\/b><\/a><b> (VAPT)<\/b><span style=\"font-weight: 400;\"> helps you in identifying all the weaknesses and flaws in your organization\u2019s cyber security infrastructure including your third-party risk management policies. Once detected, fix these vulnerabilities on priority to keep your business data safe.&nbsp;<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">So, take these precautions to protect your company against the threat of third-party breaches. Did I miss some tips? Leave a comment below!<\/span><\/p>\n\n\n","protected":false},"excerpt":{"rendered":"<p>As the infamous SolarWinds Attack wreaked havoc on several organizations around the world, the importance of including supply chain risk management in an organization\u2019s security framework became glaringly clear. The attack served as a reminder that security and privacy risks can come from a variety of vectors, including third-party service providers and vendors.&nbsp; Even though [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":11799,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41],"tags":[],"class_list":["post-5978","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cyber-attacks"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Third-party Data Breaches: A Rising Threat | Threatcop<\/title>\n<meta name=\"description\" content=\"Third-party data breaches can have devastating consequences not only for the victim organization but also for everyone else involved...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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