BlueVoyant's research revealed a significant concern surrounding supply chain cyber incidents, with 98% of surveyed companies acknowledging the impact these incidents have on their operations. The increasing trend of outsourcing escalates the risk to sensitive data and operations due to cyber threats associated with third parties. Supply chain vulnerabilities can lead to severe damage or loss within minutes, highlighting the critical nature of monitoring and addressing such risks proactively. BlueVoyant's focus on managing external cyber risks aims to safeguard companies against these looming threats by offering specialized cybersecurity solutions.