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Vendor Management: Services are Invisible – Until They Don’t Work

ThePlanet, an ISP based in Texas, suffered a small explosion on May 31, knocking out a large number of hosted websites. Community banks and credit unions use hosted solutions for their external-facing websites. Most of these services are hosted by third-party vendors, that fact is largely invisible to the customer/member. Most clients don’t extend their vendor management programs to assess how such an outage would be addressed. And because most disaster recovery/business continuity plans only cover internal scenarios, it wouldn’t be addressed there either.”]

Source: https://www.bankinfosecurity.com/blogs/vendor-management-services-are-invisible-until-they-dont-work-p-41

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