See risk, drive action across your vendor portfolio
Do you know what percentage of your vendors are at higher risk of ransomware attack? Can you drill-in to see exactly who? Or more importantly, why? Or how effective your vendor program has been in reducing risk to the business over the last 12 months?
In the ever-connected world of partners and suppliers, vendors and even more vendors, the line between ‘their risk’ and ‘your risk’ disappeared. And what security and compliance teams need more of is not more data, but insights. Insights into how those connections increase exposure. Insights that can drive actions. Insights that can reduce not just security risk, but business risk.
…all available in real-time at the click of a button.
What is Bitsight Portfolio Risk Analytics?
Bitsight Portfolio Risk Analytics provides governance, risk, and security teams actionable insights into material risk across the vendor ecosystem. It’s a simple-to-use view into hidden risk across the portfolio that could someday manifest into very visible business impact. Because cyber risk is no longer an exclusive IT or Cyber Security problem; it's a business issue.
Bitsight Portfolio Vendor Risk Analytics is not just a tool; it's your ally in navigating the complexities of the digital age. It's not about managing risks; it's about taking control.
Insights to take control
Risk Analytics is available to Bitsight Third Party Risk Management customers through the Continuous Monitoring Portal. It provides risk leaders visibility into a variety of critical insights, like:
- Average Portfolio Rating. At a glance, see the health of your vendor portfolio risk
- Trending Portfolio Risk. Track historical impact of programs and policies on risk in your portfolio
- Tiered Incident Index.Segment vendors and see who is at an elevated risk of security incident
- Ransomware Likelihood. Identify vendors that are exposed to a 2x, 3x, or even 7x likelihood of ransomware attack
The pulse of change
Change is constant. Perhaps the only constant. Bitsight Portfolio Risk Analytics provides the lens by which risk leaders can see this change when it happens. Not as a static snapshot, but a dynamic pulse on risk. It continuously spotlights movement across your third-party ecosystem. And in a landscape where threats are ever-changing, continuous insights into your risk is no longer a nice to have … It's a necessity.
Learn more about how Bitsight Portfolio Risk Analytics can help turn insights into actions. Contact us today!