Service Provider Due Diligence

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Contractually Defining Information Custody Transfers

November 7, 2023
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KEY TAKEAWAYS: Information custody transfers are far more ubiquitous and riskier than most organizations appreciate. From a legal and regulatory perspective, “access to” equals “custody of.” There are specific elements and contractual assurances upon which all organizations should insist when transferring personal or proprietary information. Failure to obtain the appropriate assurances from any vendor accessing…

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