When a company contracts or partners with https://www.upguard.com/blog/what-is-third-party-risk to handle and process its sensitive customer data, it is crucial for those third parties to use effective strategies to safeguard that data. If your organization provides services that include handling sensitive data, read on for some insight and best practices to make sure you are prioritizing safety and security for everyone involved.
Because of data breaches and privacy implications, there are substantial legal requirements for third-party organizations that utilize data.
Especially when a third party handles sensitive data, identifying a vulnerability before a cybercriminal takes advantage of it can save your organization from a potentially devastating data breach.
When third-party employees have the knowledge and skills to handle data appropriately, organizations are at a much lower risk for human error, a common cause of data breaches.