When to treat family and friends like acquaintances

Key takeaway Third party risk management is not just for suppliers, IT vendors and service providers.  In many cases, subsidiaries or other organizations within your enterprise, and even well-known business customers should be brought into the third party management program. The problems at Deutsche Bank and Danske Bank reminded me of an inquiry I had with a CISO at a large high tech equipment manufacturer.  We were discussing best practices in third party risk management.  I asked him  what types of companies he was monitoring and he told me they were subsidiaries.  He was putting these subsidiaries through the same hoops as he would any other third party…

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5G Most Disruptive Technology Change Ever

Always look at infrastructure changes to make easy predictions about the future. You could get very rich. A decade ago I attended meetings around the world where the topic was “how can we, as a country, join the Internet revolution?”   Brazil and Columbia stick in my mind. Don’t even get me started on Australia and their wasteful endeavor to create a National Broadband Network(NBN). I never had the floor but I wanted to stand up and shout “deregulation!”  That is what sparked the internet revolution in the United States. In 1993, here in Michigan, it cost 8 cents a minute for telephone calls that went outside your immediate…

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