Streamlining Your Response to Security Assessments With Bitsight Trust Management Hub

Most organizations now recognize that even if they have a strong internal security posture, a security lapse by any one of their many third-party vendors or partners can be just as catastrophic to their business as a direct breach. Industry and government regulators are increasingly focused on this topic as well, resulting in a wave of new compliance requirements that extend to third-party risks. But while holding third-party organizations accountable for their security practices is unquestionably a best practice, the short-term impact is that governance, risk, and compliance (GRC) teams on the receiving end of all this due diligence are now inundated with requests for documentation and questionnaires from across hundreds – or even thousands – of customers and partners. These activities often slow sales execution and place an ongoing administrative burden on already over-taxed GRC personnel.

In response to this growing industry challenge, we’re pleased to introduce the Bitsight Trust Management Hub.

What is Trust Management Hub?

Trust Management Hub gives GRC teams a centralized and highly scalable way to manage and share the critical security questionnaires and documentation required to fulfill customer security assessment requests. Rather than miring your team in a never-ending series of repetitive, multi-step documentation exercises, Trust Management Hub allows you to:

• Complete the most critical information gathering and documentation activities once.
• Pre-align documentation with common best practice and compliance frameworks.
• Share frequently requested documentation with authorized customers and stakeholders securely on a one-to-many basis.
• Propagate updated or renewed documents and information to all your customers in one go with just a few clicks.
• Maintain full control over the accuracy and distribution of sensitive GRC data at all times.

How it works

Trust Management Hub makes it easy to build a secure profile with well-organized packaging of your critical security and compliance documentation. This may include a wide range of frequently requested assets, including:

• Questionnaires that conform to common best practice frameworks and regulations.
• Documentation of required certifications.
• Evidence and attestation that required penetration tests, applications scans, and other security requirements have been met.
• Insurance documentation.
• Audit results.

Download the Trust Management Hub Datasheet

In addition to providing a superior framework for organizing and sharing GRC information with customers, Trust Management Hub also streamlines ongoing information and document updates. It’s directly integrated with a wide range of Bitsight data sources, significantly reducing the need for manual information updates.

Trust Management Hub also provides an intuitive and scalable framework for receiving, tracking, and fulfilling customer security assessment requests.

This accelerates request fulfillment, avoids errors, and reduces administrative burden for all parties involved.

The business impact of Trust Management Hub

Early customers of Trust Management Hub are seeing a measurable impact on sales velocity and a significant time savings for GRC staff, including:

• An 85 percent increase in efficiency responding to requests, enabling faster deal closure.
• A 25 percent reduction in workload for the teams responding to security assessment requests.

In addition, shifting fulfillment of security assessment requests from a reactive, manual process to a scalable and proactive framework builds trust and confidence among customers and partners.

How to get started

Existing Bitsight customers can contact their account manager for more information about enabling Trust Management Hub for their organization.

New to Bitsight? We invite you to schedule a personalized demo.