Incidents of third-party cybersecurity failure are costing businesses heavily, with losses of up to $1.5m, according to a study by Kaspersky Lab and B2B International. The study's findings indicate that companies need to invest more in their own security, as well as in examining the security strengths of their business partners. Companies suffer the greatest damage as a result of cyber security incidents relating to their partners, according to research. In an interview with ZDNet, Dr David Kennedy, senior vice president at Kaspersky, said that while there is no single cause for these incidents, they can be traced back to several factors.
Incidents of third-party cybersecurity failure are costing businesses heavily, with losses of up to $1.5m, according to a study by Kaspersky Lab and B2B International. The study's findings indicate that companies need to invest more in their own security, as well as in examining the security strengths of their business partners. In an interview with ZDNet, Dr David Kennedy, senior vice president at Kaspersky, said that while there is no single cause for these incidents, they can be traced back to several factors.