Any third party can be a business continuity risk. The litmus test is if their service stopped, it would interrupt yours. Maybe it’s the provider of IT services or a supplier with a key role in the supply chain. Third parties that you’re greatly dependent on can pose business continuity risks that can be identified through a risk assessment.
Lockpath by NAVEX Global assists companies with third-party risk management as part of an integrated risk management program. Contact us to learn more.