NERM Exploring Attacker Economics: The Role of 3rd Party Risk

Why cyber resilience demands an identity-first strategy for securing third party access

The projected cost of cybercrime in 2024 is estimated to reach $9.5 trillion. If cybercrime were considered a nation, it would rank third after the US and China.

The attack process begins when access management fails, allowing threat actors to steal credentials through methods such as:

Credential stuffing
Keylogging malware
Phishing
Social engineering

As more businesses rely on third-party contractors, securing these external partners is critical to protecting your organisation.

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