Tag: third party vendor

It is a common belief that 'data is the new oil', and Information Technology (IT) supports almost every modern-day transaction, from the delivery of electricity and water to banking, shopping, manufacturing, and correspondence. The confidentiality, integrity, authenticity, and accessibility of information that enable these operations must be ensured to avoid the failure of related and unrelated information, devices, and activities. These failures expose businesses and individuals to the risk of reputation, income, assets, and the very endurance of the business or organisation and as a going concern. As a result, like sustainability, cybersecurity is now a critically important 'C-suite' issue.

Many organisations in today's digital landscape rely heavily on third-party vendors who help carry out delegated operations. A third-party vendor could be a company or entity that provides certain services to your business.