How Fourth Party Risk Affects Your Supply Chain and Security
In the world of modern business, the complexity of supply chains has increased exponentially. As companies grow and expand, they increasingly rely on a network of suppliers, vendors, and service providers. However, with this growth comes an elevated risk, particularly when it comes to third-party and fourth-party risks. While third-party risks have garnered significant attention in recent years, fourth-party risk is emerging as a new threat that organizations need to actively manage to ensure the security and resilience of their supply chain.
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