Global Supply Chains: The Indian Vendor Cybersecurity Comedy of Errors!
SecurityScorecard’s report reveals that 53% of Indian vendors experienced third-party breaches, with outsourced IT operations taking the lead. While 27% of vendors flunked cybersecurity ratings, 25% scored an “A,” proving that some can ace cyber threats. Looks like India’s supply chain security needs a bit more than a patch job!
Hot Take:
Ah, the joys of outsourcing! It’s like handing over your house keys to the neighbor with a history of accidentally setting their own home on fire. Indian vendors, the backbone of many global supply chains, have found themselves in the cybersecurity spotlight, but not all for the right reasons. With more than half experiencing third-party breaches, it seems that some of these vendors are better at outsourcing security than securing outsourcing. It’s a patchy situation, quite literally, with some companies excelling and others floundering. Time to tighten those digital screws, folks!
Key Points:
- 53% of Indian vendors reported at least one third-party breach in the past year.
- IT operations and managed services account for 63% of these breaches.
- Pharmaceutical companies were heavily hit, with 42% of breaches and 38% of ransomware incidents.
- 27% of vendors received an “F” cybersecurity rating; 25% scored an “A”.
- SecurityScorecard suggests continuous monitoring and improving patching and certificate management.