Five Things You Need to Know About Third-Party Risk in 2024 | UpGuard

This article outlines the growing importance of managing third- and fourth-party vendor risk, describing five key points—how small vendor weaknesses enable larger breaches, extended risk through downstream vendors, primary companies' liability, lifecycle risks from former vendors, and the insufficiency of traditional siloed security—and recommends due diligence, vendor security assessments, contractual controls, and continuous monitoring to mitigate supply-chain data exposure.