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Security Ratings & Vendor Risk Mgmt

Security ratings & vendor risk mgmt platform for cyber risk assessment

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Security Ratings & Vendor Risk Mgmt Description

Security Ratings & Vendor Risk Management is a platform offered by SysteCom in partnership with BitSight that provides cybersecurity ratings and third-party risk management capabilities. The solution uses data-scanning technology to deliver an outside-in view of an organization's security posture and third-party business ecosystem. The platform offers security performance management through cybersecurity ratings that assess and monitor an organization's attack surface. It provides visibility into vulnerable areas, asset discovery, and performance tracking over time. The ratings are designed to help organizations communicate cyber risk to boards and executives in business terms. For vendor risk management, the platform automates the assessment process for third-party vendors and enables prioritization of critical and high-risk vendor assessments. The solution aims to provide data-backed insights into cyber performance rather than relying on manual assessments or guesswork. The platform addresses requirements from investors and boards for demonstrating cybersecurity practices and understanding financial risks. It supports cyber insurance calibration based on risk appetite and helps organizations allocate resources based on identified priorities. The solution provides real-time data summarization for security performance decision-making.

Security Ratings & Vendor Risk Mgmt FAQ

Common questions about Security Ratings & Vendor Risk Mgmt including features, pricing, alternatives, and user reviews.

Security Ratings & Vendor Risk Mgmt is Security ratings & vendor risk mgmt platform for cyber risk assessment developed by SysteCom. It is a GRC solution designed to help security teams with Third Party Risk Management, Vendor Risk Management, Risk Assessment.

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