Top 10 op risks 2020: outsourcing and third-party risk

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Big banks have decided there are many things it is not worth their while to do in-house. So they contract them out.

And that has birthed a whole new anxiety: third-party risk, or the possibility of getting body-slammed by problems at a vendor – cyber infiltrators, power failures and disreputable behaviour among the most common.

Then there are the vendor’s own third-party vendors. At that point, third-party risk splits into fourth-, fifth-, etc, -party risk – a radiating pond of ever less

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