Third-Party Risk

What is a Third-Party Risk? Third-party risk is the possible risks or threats resulting from interactions with external parties. In every business, there are third-party partners, such as suppliers and contractors. Each of the eternal parties represents a security risk to the company. Third-party risks can affect an organization’s customer and employee data, IT networks, and financial information. Key Takeaways Third-party risk is the possible risks or threats resulting from interactions with external parties. Third-parties with inadequate security introduce risks to your organization. Managing third-party risks is essential to protecting your business from external attacks. Third-parties with access to the … Read more