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Global Fintech Series

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Image Credit: Global Fintech Series

SecurityScorecard Report Links 41.8 Percent of Breaches Impacting Leading Fintech Companies to Third-Party Vendors

  • SecurityScorecard released a report highlighting that 41.8% of breaches impacting top fintech companies originated from third-party vendors.
  • Fintech firms had the strongest security posture among industries analyzed, with 55.6% earning an 'A' rating.
  • Recommendations for fintech companies include strengthening third- and fourth-party risk oversight, securing shared infrastructure, addressing application security and DNS gaps, enforcing strong credential protections, and treating repeat breaches as a leading risk signal.
  • SecurityScorecard's Supply Chain Detection and Response helps defend against supply chain attacks, with a focus on continuous monitoring of third-party risks and providing response and remediation capabilities.

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