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Third-party risk management in focus as new FCA regime approaches

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Photo: Getty Images

Financial services firms are increasingly exposed to risks from within their supply chains.

Major cybersecurity incidents are no longer confined to attacks on firms’ own systems. Disruption increasingly stems from cloud providers, software vendors, managed service providers, and cybersecurity firms that support critical business functions. When these organizations experience operational issues, the consequences can be felt simultaneously across large parts of the sector.

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