Vikram Khurana quoted in Finextra on negotiating data liability between banks and TPPs
As FIs can’t contract out of their accountabilities, “all they can do is ensure that if they have appointed third parties, they have coverage which protects them.”
26.11.2019
The responsibility of cyber risks has moved from solely IT departments to a shared responsibility across the supply chain end-to-end.
For financial institutions, this means greater pressure on protecting contractual positions when negotiating agreements to outsource through third-party providers.
Vikram Khurana is quoted in Finextra’s article Trust in Open Banking: Negotiating data liability between banks and TPPs.
Vik Khurana
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