Third Party Vendors news and trends

Ransomware Attacks Spotlight Need for FIs to Gauge Third-Party Risk 
Security & Fraud // January 24, 2024

The fraudsters grow ever-wilier, the attacks more brazen. And effective. A blog post this week from the Atlanta Federal Reserve noted that “at least” 60 credit unions were “knocked out of commission” by ransomware attacks towards the end of the year. Those CUs had all been...

Amazon Resurrects In-House Shipping Service After COVID Hiatus
Amazon // August 20, 2023

Amazon has resumed the shipping service it shuttered during the pandemic. As The Associated Press reported Friday (Aug. 18), the company says it has relaunched Amazon Shipping, which competes with the likes of UPS and FedEx and allows sellers to ship Amazon orders or products...

Shopify Integrating Deliverr to Build ‘Elastic Warehouse Capacity’
Retail // March 15, 2023

Shopify is building an “elastic warehouse capacity” that’s more flexible than that of Amazon. As Shopify continues to integrate Deliverr — the eCommerce fulfillment and order storage provider it acquired for $2.1 billion last year — it’s finding that it can build a distribution network that is cost-effective for its...

Walmart Now Handles Fulfillment, Delivery For Third-Party Sellers
Retail // February 25, 2020

A new Walmart service will let third-party vendors hire the retailer to shelve, pack and ship items to customers in a move that could help Walmart compete better with eCommerce giant Amazon, CNBC reported. Walmart Fulfillment Services, as the app is called, allows outside vendors...

Interviews & Exclusives
Third-Party Vendors Emerge as Data Security Threat

April 15, 2024
In today’s digitized operating environment, a business is only as good as its cyber defenses. And with Change Healthcare reportedly facing a new ransomware attack following an earlier massive breach in February, while Roku disclosed to its customers Friday (April 12) that 591,000 accounts were impacted by two separate cyberattacks, securing their cyber perimeters and locking down […]

Quick Reads
Amazon Resurrects In-House Shipping Service After COVID Hiatus

August 20, 2023
Amazon has resumed the shipping service it shuttered during the pandemic. As The Associated Press reported Friday (Aug. 18), the company says it has relaunched Amazon Shipping, which competes with the likes of UPS and FedEx and allows sellers to ship Amazon orders or products sold on other sites. Amazon had been testing the program, […]

Shopify Integrating Deliverr to Build ‘Elastic Warehouse Capacity’

March 15, 2023
Shopify is building an “elastic warehouse capacity” that’s more flexible than that of Amazon. As Shopify continues to integrate Deliverr — the eCommerce fulfillment and order storage provider it acquired for $2.1 billion last year...

Walmart Now Handles Fulfillment, Delivery For Third-Party Sellers

February 25, 2020
A new Walmart service will let third-party vendors hire the retailer to shelve, pack and ship items to customers in a move that could help Walmart compete better with eCommerce...