The Ponemon Institute surveyed more than 1,000 CISOs and other security and risk professionals across the US and UK to understand the challenges companies face in protecting sensitive and confidential information shared with third-party vendors and partners.

According to the findings, 59 percent of companies said they have experienced a data breach caused by one of their vendors or third parties. In the U.S., that percentage is even higher at 61 percent — up 5 percent over last year’s study and a 12 percent increase since 2016.