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Article
Understanding the Importance of Effective Third-Party Risk Management on Data Governance
Author(s)
Marios E. Menexiadis
Michail Ch. Xanthopoulos
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DOI:10.17265/2328-2185/2023.06.001
Affiliation(s)
Aegean Airlines, Athens, Greece
National and Kapodistrian University of Athens, Athens, Greece
Aegean Airlines, Athens, Greece
University of Greenwich, London, UK
ABSTRACT
With a view to adopting to the globalized business landscape, organizations rely on third-party business relationships to enhance their operations, expand their capabilities, and drive innovation. While these collaborations offer numerous benefits, they also introduce a range of risks that organizations must carefully mitigate. If the obligation to meet the regulatory requirements is added to the equation, mitigating the third-party risk related to data governance, becomes one of the biggest challenges.
KEYWORDS
third-party risk, data governance, data breach, internal control system, risk mitigation
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