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Third-Party Risk Management

BitSight for Third-Party Risk Management helps you gain the confidence to make faster, more strategic third-party cyber risk management decisions with the resources you have today.

 
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THE

Problem

The expansion of the extended enterprise has reached a tipping point, fueled by cloud-based technology and outsourcing. In parallel, third-party data breaches are at an all-time high. There is a growing awareness that third-party cyber risk must be managed.

Current approaches to managing third-party cyber risk  are helpful but only provide a brief snapshot. To proactively mitigate risk, organizations need automated tools that continuously measure and monitor the security performance of vendors.
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THE

Solution

BitSight for Third-Party Risk Management immediately exposes cyber risk within your supply chain, helping focus your resources, and work alongside you and your vendors to achieve significant and measurable cyber risk reduction.

BitSight gives you insight into the riskiest issues impacting your vendors, backed by data that correlates to potential security incidents and context from the most engaged community of risk and security professionals.

With BitSight, you can quickly launch, grow, or optimize a third-party risk management program with the resources you have today.

portfolio risk matrix for third party risk managementEND TO END BUSINESS ENABLEMENT

Partnering with the business is about being able to bring on vendors in a timely way that gets them the benefits of using that vendor - while being able to summarize and communicate the risk that is associated with that relationship. BitSight helps you communicate technical details to the business in easily understood terms so you can make outcomes-based, informed decisions.

third party risk vendor onboarding and assessmentFASTER VENDOR ONBOARDING

Onboarding is the most high-pressure part of the vendor lifecycle. Reduce the time and cost it takes to onboard and make your program more scalable with smart tiering recommendations, workflow integrations, and risk vector breakdowns that help you identify areas of known risk.

security-ratings for managing third-party riskREDUCE CYBER RISK

Get a clear picture of third-party cyber risk aligned to your organization's risk tolerance which allows for an adaptive and tiered approach to existing operational workflows. That means you can make confident data-driven decisions to prioritize resources to drive efficient risk reduction across your portfolio and adapt your process to improve operational efficiency.

bitsight-integration-partners

UTILIZE PARTNER INTEGRATIONS FOR IMPROVED VENDOR RISK MANAGEMENT

Organizations globally rely on vendor risk management platforms to manage increasing cybersecurity risks within their third party landscape. BitSight delivers certified integrations of BitSight Security Ratings and Risk Vectors with leading vendor risk management platform workflows to provide data-backed vendor onboarding and risk assessment solutions. Learn how incorporating reliable BitSight data throughout the entire vendor risk management process can improve efficiency and reduce risk throughout the third party risk landscape.
 
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See The All New Third-Party Risk Management Experience - Now Available

 

Proven Business Value

"It used to take weeks to complete vendor assessments. Now it takes us hours. BitSight Security Ratings facilitate security discussions with potential vendors. It’s an integral part of our vendor risk management program."

cabela's
Michael Christian, Information Security Manager of Cyber Risk & Compliance, Cabela’s
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Request a FREE Vendor Portfolio Risk Report with your Demo

Vendor Cybersecurity Portfolio Performance Overview Report-1

With your demo, you get the Free report where you get the insight you need to make confident data-driven decisions to prioritize resources and drive efficient risk reduction across your vendor lifecycle broken down by:

  • Each vendor’s security rating, indicating their level of inherent cyber risk
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  • Security rating trends for each vendor, giving context to their rating over time

Get your free report & demo.

As the world’s leading Security Rating Service for third-party cyber risk assessment, BitSight enables organizations to improve cyber security and risk management throughout the vendor lifecycle. BitSight Security Ratings are a proven cyber security assessment tool, providing a dynamic measurement of each vendor’s cybersecurity posture based on objective, verifiable data. Through continuous monitoring and assessment – including attack surface monitoring, cyber risk monitoring, and cloud security monitoring – BitSight helps organizations make faster, more strategic decisions about third-party cyber security risk management and cybersecurity policy.

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