Information Security and Third-Party Service Providers: What You Don't Know Can Hurt You
Whether you are a company contracting with a third party or the third-party service provider, understanding the privacy and information security regulatory and risk management implications associated with your contractual arrangements is critical. What you do not know prior to entering into and during the service arrangement can mean a world of hurt down the road. And to avoid additional pitfalls, proper planning in advance for when the arrangement ends must be considered thoughtfully as well. In this presentation, John, Michelle and Michael will identify the regulatory requirements and risks from both sides of the arrangement, discuss practical considerations for managing the various and increasingly granular legal requirements, and tips for prioritizing efforts where budgetary or time constraints impose operational challenges. Industry-specific requirements will be highlighted such as HIPAA requirements and privacy and information security requirements for companies in the financial sector. Special considerations will be addressed in regard to small service providers.
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