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Chain IQ data theft highlights need to oversee third party suppliers

Chain IQ data theft highlights need to oversee third party suppliers
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“When suppliers hold sensitive operational or financial data, even in the absence of client personally identifiable information, they become a highly attractive target for threat actors seeking leverage, intelligence, or access pathways into high-value organizations,” he said. “What’s notable here is that the breach impacted major financial and consulting institutions, which typically maintain rigorous internal security controls. This demonstrates that the weakest link often lies outside the perimeter.”

Leaks involving executive or employee-level data, especially those of high-profile individuals like UBS’s CEO, increase the likelihood of targeted phishing, social engineering, or even impersonation attempts, he pointed out. Even if no client data is compromised, stolen operational metadata like invoice histories, consultant relationships, or IT supplier engagements can provide adversaries with useful insights for crafting sophisticated campaigns.

“This is a classic case where traditional third-party risk management needs to mature into continuous fourth-party visibility and active vendor monitoring,” Seker added. “Organizations must go beyond one-time assessments and require vendors to maintain threat detection telemetry, incident reporting SLAs, and breach simulation exercises. Additionally, platforms that provide real-time breach alerts on vendors, such as DRP and supply chain intelligence solutions, are no longer optional, but essential to reduce response lag.”

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