How banking incidents are redefining third-party risk management

The January 2025 Capital One outage, due to a power failure at a vendor's data center, highlights vulnerabilities in third-party risk management for financial institutions.

This incident, like others of its kind, caused delayed direct deposits, account access issues and inaccurate balances, payment processing disruptions, and late fees for missed payments.

This article examines how financial institutions can strengthen vendor oversight through:
· Enhanced risk assessments
· Improved incident response and communication
· Alignment with regulatory expectations
· Contract and insurance reviews

Review this article to protect your organization from similar disruptions.

Vendor:: SDG Corp
Posted:: Apr 25, 2025
Published:: Apr 10, 2025
Format:: PDF
Type:: White Paper

Already a Bitpipe member? Log in here

Download this White Paper!

Corporate Email Address:
You forgot to provide an Email Address.

This email address doesn’t appear to be valid.

Please provide a Corporate Email Address.

This email address is already registered. Please log in.
First Name:
You forgot to provide your first name.
Last Name:
You forgot to provide your last name.
Company Name:
You forgot to provide a company name.
Job Title:
You forgot to provide a job title.
Seniority:
You forgot to select your seniority.
Job Function:
You forgot to select your job function.
# of employees:
You did not select the number of employees at your company.
Industry:
You did not select which industry you are in.
Sub-Industry:
You did not select which industry you are in.
Address 1:
You did not provide a full local address.
Address 2:
City/Town:
You did not provide a full local address.
Country:
You did not select the country you are from.
State/Province:

You did not provide a full local address.
Zip/Postal Code:
You did not provide a full local address.
Phone:
You forgot to provide a phone number.

This phone number format is not recognized. Please check the country and number.
- I agree to TechTarget’s Terms of Use, Privacy Policy, and the transfer of my information to the United States for processing to provide me with relevant information as described in our Privacy Policy.
Please check the box if you want to proceed.
- I agree to my information being processed by TechTarget and its Partners to contact me via phone, email, or other means regarding information relevant to my professional interests. I may unsubscribe at any time.
Please check the box if you want to proceed.