Australia: share of organizations aware of cyber risks from third parties by level of understanding 2021

In a survey conducted amongst executives and corporate directors of organizations in Australia in 2021, less than 50 percent of the surveyed organizations reported a high level of understanding of the various cyber and privacy risks which may arise from third parties and supplies. Around three percent of the organizations reported no understanding of risks including data breaches, privacy violations, and IoT/technology vendors.

Share of organizations with an understanding of cyber and privacy risks arising from third parties and suppliers in Australia in 2021, by level of understanding

Characteristic	High	Moderate	Low	No understanding
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-

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Release date

October 2021

More information

Region

Australia

Survey time period

July and August 2021

Number of respondents

114 respondents

Special properties

Respondents were executives (38 CEOs, and 76 corporate directors, CFOs, CISOs, CIOs, and C-Suite officers)

Supplementary notes

Question: "What is the level of understanding within your organisation of the cyber and privacy risks arising from your third parties or suppliers across the following areas?".

High - understanding from formal, enterprise-wide assessment
Moderate - limited understanding from ad hoc assessments
Low - anecdotal understanding, no assessments
No understanding.

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