A guide for financial organizations in the US -
In the midst of rapid digital transformation, operational resilience is more important than ever. An increasing reliance on third parties and outsourced IT solutions, combined with the risk posed by cyber threats and other sources of business interruption, has led to new approaches from regulatory bodies across the US and overseas.
In recent years, a range of agencies in the US have released guidance on managing the risks associated with third-party relationships. While different organizations govern different business areas, many of the key principles overlap - and all are aimed at helping banking and financial services organizations to identify, assess and manage third-party IT risks.
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