The Human Side: 4th Party Risk

The Human Side: 4th Party Risk

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Okay, so, like, lets talk about this whole "Human Side: 4th Party Risk" thing.

The Human Side: 4th Party Risk - managed service new york

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Sounds super technical, right? But honestly, its way more about people (go figure!) than it is about servers or firewalls or whatever.


Basically, when we think about risk, usually were all worried about our direct suppliers, right? You know, the company you pay to, uh, I dunno, manage your payroll or provide your cloud services. Thats 3rd party risk. But what about their suppliers? managed it security services provider Those are the 4th party!

The Human Side: 4th Party Risk - managed service new york

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managed services new york city And thats where things get, like, kinda messy.


Now, its easy to just think of these 4th parties as numbers on a spreadsheet (boring!), but they're actually, well, people. People writing code, people handling data, people making decisions. And these people? They can make mistakes! Or, even worse, they might not be, like, the best people. managed service new york Maybe theyre cutting corners on security (because deadlines, am I right?), or maybe theyre just not trained properly. Heck, maybe theyre disgruntled and looking to cause some trouble (yikes!).


The point is (and this is a BIG point!), you can have all the fancy security protocols in the world at your own company (firewalls galore!), but if your 4th party has lax security practices, or a rogue employee, suddenly you are vulnerable! Its like having a super secure house, but the guy who delivers your groceries leaves the back door unlocked. Not good!


And its not just about malicious actors, either. managed services new york city Think about data breaches. check check A lot of the time, these happen because someone made a simple human error. Like, accidentally sending an email with sensitive info to the wrong person. Or leaving a laptop on the bus. managed services new york city It happens! (Weve all done it, right? Okay, maybe not that bad, but you get the idea.)


So, whats the takeaway? Well, we gotta remember that even in the most complex tech systems, there are always humans involved. And humans are fallible! (Its part of what makes us, well, human.) So, when were thinking about 4th party risk, we cant just focus on the technical stuff. We also need to think about the people, their training, their motivations, and (maybe most importantly!) their potential to screw things up! Its a people problem, disguised as a tech problem! And that means we need people-focused solutions. Like, better training, better communication, and maybe even a little bit of empathy. Because, lets be honest, were all in this together!

The Human Side: 4th Party Risk - managed it security services provider

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And understanding the human element is key to minimizing risk.


So, yeah! Thats the human side of 4th party risk in a nutshell. Pretty scary, huh?

4th Party Risk: The Financial Impact