This article originally appeared in Dark Reading on June 27, 2019.
Know Your Third Parties and What Data You Are Sharing With Them
Companies should do a thorough audit of who their digital third parties are and what data these third parties handle, says Chris Olson, CEO of The Media Trust. "Most companies know only a fraction of who their digital third parties are," he says. "In fact, many publishers and e-commerce businesses are surprised to find that there are at least 20 third parties who track information that users enter into payment pages."
To better understand the risk of utilizing a third party first, start with what information will be shared with a vendor, adds Kris Lahiri, co-founder and data protection officer at Egnyte. "Develop a standard template for the technical assessment of the vendor," he says. "The assessment should ask about their architecture, how they deal with customer data, their availability, etc."