What is Fourth Party Risk?
Every company outsources parts of its operations to multiple suppliers. Those suppliers, in turn, outsource their operations to other suppliers. This is fourth party risk. The risk to your company posed by suppliers' suppliers. Confusing, isn't it? The best way to frame it with a case study, so please read on! You help look after Information Security at a manufacturing company. Your company has got a policy for everything, including the policy to regularly maintain all the policies.