New Rules, New 4th Party Risk Issues

New Rules, New 4th Party Risk Issues

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Okay, so, like, "New Rules, New 4th Party Risk Issues"! Sounds kinda intense, right? But really, its just about how things are getting more complicated with who we trust with our data, and their trusted partners, and their partners.

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    Its turtles, man! (all the way down).


    Think about it. You probably have a bank, right? Theyre your first party. And they use, say, a cloud provider for their servers, thats your third party. Okay, cool, you probably know that. But what if that cloud provider uses another company for their cybersecurity? Thats the dreaded fourth party. Its like, whoa, were getting deep!


    And like, these new rules... GDPR, CCPA, all that jazz, theyre making everyone super careful about who has access to personal information. So, if something goes wrong with that fourth party (the cybersecurity company, remember?), it can totally backfire on your bank, and ultimately, you.


    The problem is, its hard to keep track of all these layers. Your bank might not even know about every single fourth party their vendors are using! managed service new york And even if they do know, how much control do they really have?

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    Like, can they audit them? Can they make sure theyre following the proper security protocols? Probably not easily!


    So what do we do? Well, companies need to be way more diligent in vetting their vendors and their vendors vendors. Due diligence, people!

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    And they need to be prepared to keep a track of this information, which is not easy!

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    And honestly, we as consumers need to be a little more aware of where our data is going and who has access to it. Its a shared responsibility, or something. managed services new york city (I think).



    New Rules, New 4th Party Risk Issues - managed service new york

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    Critical 4th Party Risk Insights Now!