A 2018 Ponemon report found that companies share confidential and sensitive information with 583 third parties on average. Only 34% keep an inventory of these third parties. Sudden failure of a vendor could leave data inaccessible, leave a key tool or service unsupported and at risk of future exploitation. If a business or its equipment is sold, organizations will need to ensure that data was deleted before the sale. SME firms with limited cash flows are particularly vulnerable. Larger firms and hyperscale cloud computing providers should be able to weather the economic conditions.”]
Source: https://www.csoonline.com/article/3543299/managing-vendor-and-supply-chain-risk-in-a-recession.html