{"id":57510,"date":"2024-10-25T15:02:32","date_gmt":"2024-10-25T15:02:32","guid":{"rendered":"https:\/\/packetstormsecurity.com\/news\/view\/36518\/Third-Party-Vendors-Drive-45-Of-Breaches-In-Energy-Sector.html"},"modified":"2024-10-25T15:02:32","modified_gmt":"2024-10-25T15:02:32","slug":"third-party-vendors-drive-45-of-breaches-in-energy-sector","status":"publish","type":"post","link":"https:\/\/www.threatshub.org\/blog\/third-party-vendors-drive-45-of-breaches-in-energy-sector\/","title":{"rendered":"Third-Party Vendors Drive 45% Of Breaches In Energy Sector"},"content":{"rendered":"
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A joint study by SecurityScorecard and KPMG found that 90% of companies in the energy sector that sustained multiple breaches had security issues caused by third-party vendors.<\/p>\n

In collecting data on the 250 largest energy companies<\/a>, SecurityScorecard and KPMG found that third-party risk drives 45% of breaches in the U.S. energy sector \u2014 a number significantly higher than the global rate of 29%.<\/p>\n

While 81% of U.S. energy companies scored an “A” or “B” rating on their SecurityScorecard ratings, the remaining 19% with much weaker scores pose a major risk to the entire supply chain, according to the Oct. 23 study.<\/p>\n

\u201cThe energy sector\u2019s growing dependence on third-party vendors highlights a critical vulnerability \u2014 its security is only as strong as its weakest link,\u201d said  Ryan Sherstobitoff, senior vice president of threat research and intelligence at SecurityScorecard. \u201cOur research shows that this rising reliance poses significant risks. It\u2019s time for the industry to take decisive action and strengthen cybersecurity measures before a breach turns into a national emergency.\u201d<\/p>\n

Other important findings in the study include the following:<\/p>\n

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