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Security Risks of Third-Party Vendor Relationships

Most organizations are heavily reliant on third-party vendors for a large component of their business. According to Deloitte, a typical Fortune 500 company may use more than 100,000 external third-parties—including vendors, suppliers, service providers, and outsourcers—to meet its business objectives and stay competitive. With these added relationships, however, come higher exposures to security risks including data breaches and cyberattacks.

Riskonnect offers insight into some of the risks companies face when doing business with third-parties:

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