Cyber criminals and hackers are always looking for the easiest route into an organisation’s systems and data. The shortest way is often not through the front door, but through the ‘weaker links’ that make up a digitally enabled supply chain. Organisations that understand and manage the breadth of their interconnected supply chains and their points of vulnerability and weaknesses are better placed to prevent and manage issues. Regulators are aware of this and address it through legislation such as GDPR, which mandates organisations to manage their third party risk more efficiently. The risk is real in jurisdictions such as Jersey and Guernsey, whereby the business landscape is highly networked and lucrative to criminals.
KPMG has a tested and proven methodology to evaluate third parties in terms of privacy and cyber security.
Download our Third Party Risk Assessment flyer.