As businesses increasingly work with various types of third parties that process sensitive information and, in some cases, access a company’s networks, there is an inherent risk:  these third parties create new avenues of attack against a company’s data, systems, and networks.   Covington attorneys David Fagan, Nigel Howard, Kurt Wimmer, and Elizabeth Canter describe these potential risks and the measures that can be used to mitigate such risks in a chapter they authored entitled “Managing risk associated with third-party outsourcing” — which appears in a new book, Navigating the Digital Age: The Definitive Cybersecurity Guide for Directors and Officers.

The chapter describes several critical elements of managing third-party risk, including the goals and process for pre-engagement due diligence of third parties, approaches to managing risk through contract (including the challenges of negotiating appropriate indemnifications and liability provisions), and ongoing monitoring and oversight of third parties.

To download a copy of Navigating the Digital Age: The Definitive Cybersecurity Guide for Directors and Officers, visit www.securityroundtable.org.

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Photo of Libbie Canter Libbie Canter

Libbie Canter represents a wide variety of multinational companies on privacy, cyber security, and technology transaction issues, including helping clients with their most complex privacy challenges and the development of governance frameworks and processes to comply with global privacy laws. She routinely supports…

Libbie Canter represents a wide variety of multinational companies on privacy, cyber security, and technology transaction issues, including helping clients with their most complex privacy challenges and the development of governance frameworks and processes to comply with global privacy laws. She routinely supports clients on their efforts to launch new products and services involving emerging technologies, and she has assisted dozens of clients with their efforts to prepare for and comply with federal and state privacy laws, including the California Consumer Privacy Act and California Privacy Rights Act.

Libbie represents clients across industries, but she also has deep expertise in advising clients in highly-regulated sectors, including financial services and digital health companies. She counsels these companies — and their technology and advertising partners — on how to address legacy regulatory issues and the cutting edge issues that have emerged with industry innovations and data collaborations.