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Article
Cloud Concentration Risk Is Exposing Dangerous Gaps in Third Party Resilience
Mark Carroll, Founder – Graduate ERM Program at Boston University, warns that hidden cloud dependencies and inadequate supplier testing are exposing weaknesses in third-party resilience. He explains why financial institutions must strengthen dependency mapping, demand evidence of recovery capabilities and prepare for cloud outages rather than assuming infrastructure diversification guarantees operational continuity.
Oct 28, 2026
Mark Caroll, Founder of the Graduate ERM Program , Boston University
Tags:
Vendor and Third Party Risk
The views and opinions expressed in this content are those of the thought leader as an individual and are not attributed to CeFPro or any other organization
- Hidden fourth-party
dependencies create significant cloud concentration risks
- Supplier assessments
must identify underlying single-source dependencies
- Certifications alone
cannot demonstrate genuine operational resilience
- Recovery testing and
incident evidence provide stronger supplier assurance
- Reliable operational
data can help institutions function during cloud outages
- Cloud-hosted AI must
fall within existing third-party risk frameworks
- Multi-cloud
strategies may introduce complexity without eliminating concentration
- Effective resilience
requires contingency planning and dependency visibility
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