Successful vendor relationships rely on joint understanding of expectations
Originally published by Corporate Compliance Insights
NORTHAMPTON, MA / ACCESSWIRE / September 18, 2024 / CrowdStrike's July outage caused widespread chaos around the world with flights grounded, broadcasts interrupted and 911 lines disrupted. That a regular software update from a leading provider could cause such issues highlights the growing complexity of interconnected and third-party risks.
Before memory of the outage event fades (and until the next one occurs), all businesses should take the time to carefully evaluate their business continuity and recovery plans, particularly with mission-critical third-party vendors.
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