Third Party Vendor Risk Management is One of the Biggest Challenges Accounting Firms Face
… one accounting firm, a cyber criminal can gain access to information on hundreds or thousands of companies and individuals. But, direct attacks on accounting firm systems are not the only way a cyber criminal can succeed. Indirect attacks can be just as powerful and often times easier! Third party vendor risk management is one of the biggest challenges accounting firms, of all sizes, face today. Given the current privacy regulatory environment, the possibility of a data breach presents significant financial and reputational risks. As digital connections between accounting firms and vendors continue to increase, the risk of a breach via …
https://www.epicbrokers.com/insights/third-party-vendor-risk-management-is-one-of-the-biggest-challenges-accounting-firms-face/