Cyberattacks on IT vendors are escalating, resulting in significant financial losses, according to a Resilience report. In 2024, 23% of cyber insurance claims involved third-party breaches, causing operational disruptions and high costs, exemplified by UnitedHealth's $3.1 billion ransomware attack. Ransomware is still the leading cause of cyber claims, but attackers are shifting focus to larger targets for bigger payouts.
https://www.ciodive.com/news/vendor-driven-cyberattacks-losses/741686/