Oct 30, 2023
Operational Chaos: The Ramifications of a Vendor Data Breach
Supply chain or third-party vendor disruption can cause operational chaos; specifically, unauthorized access can lead an organization to negligence claims, significant fines, contract disputes, potential lawsuits, loss of revenue, and even reputational harm. Therefore, companies need to secure their data by having robust vendor agreements that address data security and outline their responsibilities in case of a breach.