
Most businesses today depend on third-party partners. These partners could provide products, services or even expertise that help keep your business running and reach your goals. But sometimes, these relationships get tested when a data mishap or a cybersecurity incident at the vendor end snowballs into a major issue for you.
That’s why it’s important to understand how third-party risks can impact not just your business operations, finances or brand but also your business’s future. In this blog, we’ll discuss the key third-party risks that can make you vulnerable and share best practices for building a resilient third-party risk management strategy.