Obviously data breaches aren’t trust builders, but many companies are skeptical even of those parties with which they share confidential data.
A recent survey of nearly 600 individuals across industries by the Ponemon Institute found that more than a third of US businesses (37 percent) believe that their primary third party vendors wouldn’t notify them in the event of a breach involving “sensitive and confidential information.” Further aiding this sense of distrust are company views of “fourth-nth-party” vendors – subcontractors or indirect service providers hired by a third-party vendor – which 73 percent of respondents believed would “fail to notify” in the event of a breach.
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