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The Ultimate TPRM & Cyber Risk Glossary
When in doubt, use an acronym.
Whether you’re a seasoned healthcare CISO or you’re new to the industry and convinced people are just making up acronyms—this glossary has you covered. From standard industry frameworks to CORL-specific terms, it’s your Rosetta Stone for healthcare TPRM, cyber risk, and compliance.
Understanding Fourth-Party Risk
Fourth-party risk refers to the risk introduced by the subcontractors or service providers of a vendor (i.e., the vendors of your vendors). These fourth-party relationships are often part of the extended supply chain and may operate without direct oversight by an organization, yet their actions can still impact security, compliance, and operational stability.
Managing fourth-party risk can be particularly challenging because these indirect providers are less visible and may not be subject to the same level of scrutiny as primary vendors, but they can still have significant impacts. At CORL, assessing fourth-party risks is an essential part of ensuring the entire supply chain adheres to the necessary security standards.