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Healthcare Regulation Crackdown On Vendor Risk Management Whitepaper

By 2021, cybercrime is projected to cost $6 trillion annually, surpassing the combined GDP of the UK and France. In response, companies are prioritizing information security and adopting advanced technologies. A study by The Cybersecurity Imperative highlights data sharing with vendors as the top IT infrastructure risk, with 57% of over 1,300 organizations identifying it as their greatest vulnerability. The study also predicts a 247% increase in attacks via third-party vendors over the next two years, while security enhancements for these vendors are expected to grow by only 106%. Consequently, regulatory measures are tightening to address these risks.

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