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Managing Third Party Risk for Small and Medium Enterprises

2024· article· en· W4404180503 on OpenAlexafffund
Siddharth Dua, Pooja Shah, Eslam G. AbdAllah

Bibliographic record

Venuenot available
Typearticle
Languageen
FieldBusiness, Management and Accounting
TopicRisk Management in Financial Firms
Canadian institutionsConcordia University of Edmonton
FundersMitacs
KeywordsBusinessThird partySmall and medium-sized enterprisesComputer scienceInternet privacyFinance

Abstract

fetched live from OpenAlex

Small and Medium Enterprises (SMEs) account for majority of the businesses globally and are a big contributor to employment worldwide. In recent years, SMEs have adopted technology at an unprecedented rate. Even though there are many cybersecurity frameworks available in the industry, SMEs are still defenceless. The vast majority of SMEs still operate without cybersecurity measures and are vulnerable to cyber attacks and a top target by cyber criminals. A large proportion of SMEs rely on service providers from whom they procure services or outsource critical processes in order to serve their customers. The services that are outsourced or procured from third parties make SMEs vulnerable to an important vector of risk called Third Party Risk. Even if SMEs put aside resources and skills for cybersecurity, its priority lies in having basic controls for workstations and servers. Despite being a critical vector of cybersecurity, the majority of SMEs do not manage risks arising from third parties. Managing risks arising from third parties is their least concern. This research paper delves deep into the critical domain of Third Party Risk Management (TPRM), aiming to provide a comprehensive framework for enhancing resiliency and mitigating potential risks rising from outsourcing or procuring services from third parties. This paper provides cybersecurity techniques and methods that are easy to implement for an organization of any scale with limited resources and skills. This paper also includes a few Key Performance Indicators (KPIs) that should be used to manage third party risk.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.000
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Not applicable · Consensus signal: Not applicable
GenreCandidate signal: Empirical · Consensus signal: none
Teacher disagreement score0.729
Threshold uncertainty score0.861

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0000.000
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0000.000
Science and technology studies0.0000.000
Scholarly communication0.0010.001
Open science0.0000.000
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0000.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.018
GPT teacher head0.228
Teacher spread0.210 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one teacher head, not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designNot applicable
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations3
Published2024
Admission routes2
Has abstractyes

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