Third-party risk under the GDPR
According to recent research by RSA, failure to protect customer data is creating long-term business problems for organizations. That was evident at a packed event in London on Feb. 5, where discussion centered around the fear of being unable to manage the fallout of a data breach involving a third party.
With 69 percent of the 7,500 consumers surveyed from France, Germany, Italy, U.K. and the U.S. saying they have or would “boycott a company that showed a lack of regard for protecting customer data” the concerns are real. Furthermore, 62 percent of consumers would feel inclined to blame the company above anyone else, even the hacker — and certainly not a third contractor — if they lost their personal data.
