It has been reported that a report from ForgeRock has revealed an unprecedented 297% surge in breaches caused primarily by security issues associated with supply chain and third-party suppliers and representing almost 25% of all breaches. The report also found unauthorized access was the leading cause of breaches for the fourth consecutive year, steadily increasing to account for 50% of all records compromised during 2021. The report underscores the fact that cybercriminals continue to find new methods of attack across industries and geographies. The cost of breaches also continues to grow. In the US alone, the price of remediation from a breach has climbed annually, doubling since 2018.
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