Building new digital relationships with third parties increases risk exposure. But IT teams can reduce that risk through all stages of the vendor onboarding, monitoring, and reassessment lifecycle.
When it comes to monitoring the third-party cyber risk associated with vendors, suppliers, and others, companies and organizations all over the world rely on BitSight and OneTrust Vendorpedia. When used together, the two platforms empower third-party risk management teams with enhanced vendor visibility, rich monitoring capabilities, and increased automation throughout the vendor risk management lifecycle.
Today, BitSight and Vendorpedia have entered into a partnership to expand our existing integrations and deliver new capabilities, as well as ongoing collaboration to continue to provide best-in-class functionality that meets the evolving needs of third-party risk management.
Learn more about the Vendorpedia and BitSight partnership at RSA USA, taking place February 24-28 in San Francisco:
- Visit BitSight booth #1167 Vendorpedia booth #5470
- Join our theatre session “Understanding and Automating the Third-Party Risk Management Lifecycle” at 1:30-2:00 pm PT each day
With increasing reliance on outsourcing operations to third parties, organizations are struggling to vet, manage, and monitor the vendors they rely on most. As a result, many organizations are turning to third-party risk software and security rating solutions to identify risky vendors, implement controls, and demonstrate compliance without impacting employee productivity.
In short, BitSight and Vendorpedia work in tandem to help organizations understand if their vendors are safe to do business with. Key capabilities of the integration include the ability to sync vendors between the two platforms. In addition, when BitSight Security Ratings reach a defined threshold, Vendorpedia can:
- Create a New Risk in Vendorpedia
- Trigger an Automated Assessment
- Kickoff an Incident Response Workflow
- Notify Key Stakeholders via Email
- Update Your Vendor Inventory
Dave Fachetti, EVP of Strategy for BitSight, explains the value of the BitSight and Vendorpedia partnership: “As gaining a more current and broader understanding of Third Party Cyber Risk continues to rise on the agendas of not only senior Security and Risk Executives but also the broader Executive team and Board of Directors, bringing solutions like OneTrust’s Vendorpedia and BitSight’s Security Ratings together in a more tightly integrated way brings significant value to companies looking to effectively and efficiently understand and manage this critical risk. We are excited to be working with OneTrust to bring this combined solution to our joint customers”
This partnership between industry leaders offers significant value to Vendorpedia and BitSight customers. As Blake Brannon, CTO at OneTrust explains, “We are thrilled to announce this partnership between Vendorpedia and BitSight. This integration and the innovative functionality will enable our joint customers with the tools they need to succeed when managing security, privacy, and third-party risks.”