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Report: 52% of reported breaches came through third-party partners

Written on Jul 27, 2023

Identity theft and fraud remain a top concern for security leaders. According to a new report, 1.5 billion user records were breached and cost businesses an average of $9.4 million per breach in 2022. 

As more identities are stolen each year, AI-driven fraud attacks are creating a larger threat landscape for consumers and enterprises alike. Through the use of new technologies like generative AI, tactics such as phishing emails, malicious code and voice or video-based impersonation, otherwise known as “deep fakes,” are becoming more common and difficult to detect. 

Additional findings: 

  • Unauthorized access is the leading cause of breaches for the fifth consecutive year 

  • 52% of all reported breaches came through third-party partners and suppliers 

  • Healthcare remains a top target with attacks increasing by 50% compared to 2021 

  • Social Security Number and date of birth information were exposed in 72% of breaches 

  • Attacks within the financial services sector decreased by 29%, but nearly half of those attacks affected the insurance industry 

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