54% of organizations have experienced a cyberattack over the last 12 months, and year over year, the number of attacks caused by third-party remote access increased by 5%. Organizations are still vulnerable to outside threats, and the digitization of the business landscape isn’t helping.
Businesses across all industries are going through digital transformation and trying to improve cybersecurity strategies. As they rely more on SaaS and cloud services, the number of third-party vendors (and points of remote access) deploying those services inevitably adds up — which is why the needle has barely moved when it comes to the effectiveness of security strategies. It’s a cyclical process that seems to carry inevitable risk, and every business is handling that risk in different ways.
The findings in the 2022 Ponemon Institute report, sponsored by SecureLink, reveal the different methods organizations take to secure and control third-party remote access and manage cyber risk. Although more organizations have altered their cybersecurity strategies to meet the needs of an evolving, digital world, there are still several setbacks that are preventing businesses from effectively detecting, mitigating, and responding to cyber threats.
From labor shortages and budget constraints to a lack of automation and resources, IT teams are faced with multi-faceted challenges. They bear the burden of improving a business’s digital presence with resources they might not have, while simultaneously patching the holes that could be created by the very technology they’re implementing. To successfully do this would require prioritizing cybersecurity; but for many businesses (52%), security, namely third-party remote access security, is not a priority. And as a result, 64% say third-party remote access is becoming their organization’s weakest attack surface.
As inevitable as third-party risk might be, there’s a smarter and better way to go about it — and it has everything to do with automation. The reason why businesses are overwhelmed and intimated by third-party access is because of all the moving parts — vendor identities, access rights and permissions, policies, access controls, and remote access methods just to name a few. But streamlining the entire third-party experience lightens the burden on IT teams, keeps all vendor-related information, identities, and policies in one place, and can provide controlled, secured, and monitored access.
Explore more of the 2022 Ponemon Institute Report, “The State of Cybersecurity and Third-Party Remote Access Risk” and find out what your organization can do to secure third-party access in our upcoming webinar on August 4th with SecureLink CTO, Joel Burleson-Davis.