Almost no organization runs everything itself. Cloud providers host data, payroll companies process salaries, contractors maintain buildings and software comes from dozens of suppliers. Each of these third parties can introduce risk, and many serious breaches began at a supplier rather than at the victim. Third-party risk management is the process of identifying, assessing and controlling those risks throughout the relationship.
Free account
Keep reading for free
Create a free StudyToCert account to read the rest of this lesson: 5 more sections, 5 key terms, a real-world example, an exam tip and self-check questions. Every lesson, lab and practice test is free with an account.