Original Source: Carnegie Mellon University by John Haller and Charles M Wallen

Outsourcing to third parties and the resulting dependency risks have become a leading consideration for financial services firms, drawing extensive management attention and regulatory scrutiny.  This is particularly true for third party risks that arise from the use of information and communication technology (ICT), which may include data breaches, fraud, access to sensitive internal information, reputation impacts, or disclosure of intellectual property.  These concerns are exacerbated by a pervasive and dynamimc cybersecurity threat landscape. Attackers know that third party suppliers can be a weak link and target them accordingly…

Contributors: Open Source
Categories: Industry Articles, SIG U Resource, Whitepaper
SRC Type: Risk Management, Sourcing Management, Third Party Management