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2.4.1.8.3 Vendor risk

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According to Gartner, “vendor risk management is the process of ensuring that the use of service providers and IT suppliers does not create an unacceptable potential for business disruption or a negative impact on business performance.”[98] Based on this, we define vendor risk as the risk of business disruption resulting from the use of service providers and IT suppliers.

Non-financial Risk Management in the Financial Industry

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