Security Ratings & Vendor Risk Mgmt

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.