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Jake Olcott, vice president at Boston-based BitSight, said MSP compromises have "become a global phenomenon."

"Most organizations blindly trust that their service providers are protecting their data. Trust is not a strategy that works in the 21st century," Olcott said. "Organizations everywhere are at risk due to the rise in outsourcing and contracting. These incidents represent the No. 1 cyber-risk to organizations today, and also threaten global commerce."   

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