Third-party vendors are increasingly working with their own third parties (fourth and fifth parties), spreading your data across many different vendors. This can make your company an easy target for cybersecurity threats, especially if your organization is a hospital or part of the healthcare system. You have to be aware of the risks associated with third parties. If you aren’t, you’re playing with fire.

Failing to address third-party risk can be costly and often just as damaging as risks that stem from within the organization. Thus, it’s critical that you don’t compromise private data in exchange for the convenience of services provided by third parties. These data are especially important in the healthcare industry because confidential records, clinical information, or medical data could end up in the wrong hands.

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