Third-party risk management solutions for your digital supply chain.
Bitsight Third-Party Risk Management empowers risk leaders to manage their digital ecosystem from start to finish. Accelerate vendor assessments. Continuously monitor and uncover blind spots across your digital ecosystem. Take action on exposure swiftly and confidently.
Mitigate risk. Enable the business. Reduce exposure.
Market-leading
cyber risk data
Prioritize, mitigate, and report on risk across your portfolio.
Objective
universal standard
Leverage the only metrics verified to correlate to breaches.
Actionable
risk insights
Make risk-based decisions to improve efficiency and effectiveness.
Vendor Risk Management
Scale vendor risk management to enable business growth.
Don’t let risk assessments be a bottleneck. Ensure third-parties are within your organization’s risk tolerance and manage hundreds of vendors as effectively as you manage ten.
Increase efficiency with a network of over 40,000 vendor profiles
The problem is visibility. Gain a full view of your third and fourth parties without missing a step, and improve the security posture of your vendor portfolio to instill trust.
Detect and address ongoing third-party risk
Remediate easily with supporting data and evidence
Detect and respond to third-party vulnerabilities at scale.
As threats evolve, all eyes are on your digital ecosystem. Bitsight gives you the confidence to handle unforeseen major security events across third and fourth parties.
Mitigate emerging zero day vulnerabilities at scale
Improve efficiency and scalability of vendor outreach
Focus on what matters most with real-time reporting
Quickly and confidently ensure new vendors are within your organization’s risk tolerance
“We save hundreds of hours annually by using Bitsight. We’ve integrated Bitsight Vendor Risk Management into our onboarding and evaluation process, and it’s helped us identify the actual risk level associated with vendors.”
Elizabeth Olson Lennon
Director of Vendor Management, Alameda Alliance for Health
Reduce the reassessment burden and manage constantly changing risk throughout the vendor lifecycle
“We can now easily identify the vulnerabilities associated with a particular vendor and how those vulnerabilities could impact our own security posture—before we begin working with them.”
Kanitra Tyler
ICT Supply Chain Risk Management Service Element Lead, NASA
Get a free look at a Bitsight third-party risk report
Download our third-party risk portfolio risk report sample to get an exclusive look at the actionable reporting capabilities third party risk management teams can use to reduce critical portfolio risk.The third-party risk management solution backed by the security rating that started a whole industry.
Third-party risk management is the practice of identifying and minimizing the risks posed by vendors, suppliers, partners, and other organizations in supply chain. Including cybersecurity requirements as early as the procurement phase of a vendor relationship, and continuous monitoring of vendors, are key to effective third-party risk management. By constantly monitoring the security posture of vendors, companies can take steps to remediate security threats in vendor relationships or cut ties with vendors that represent the greatest risks.
Third-party risk encompasses the threats to a company posed by vendors and organizations in its supply chain that are connected to its network data. Cyber threats are one of the most significant forms of third-party risk, potentially leading to data breaches that can impact a company’s finances, operations, reputation, and compliance efforts. Many companies fall prey to this third-party risk by wrongly assuming that their vendors have effective cybersecurity programs in place.
