In today's digitally interconnected world, organisations
heavily depend on third parties for various critical functions.
Whether it's IT infrastructure, software solutions or staffing
resources, these external partners play a vital role in an
organisation's success.
Despite being aware of this potential danger, many organisations
lack a proper risk mitigation strategy, leaving them unprepared and
disconnected in managing the problem. Ogier Regulatory Consulting
client director Gavin Baxendale discusses the responsibilities for
cybersecurity and the nuances between group and local policy and
control frameworks.
The responsibility for cybersecurity in these situations is
often unclear, leading to assumptions and potential
vulnerabilities. Additionally, the involvement of fourth-party
suppliers, connected to the original suppliers, can inadvertently
expose sensitive data. The reliance on external partners also
exposes organisations to a wide array of risks that
