Bitsight for supply chain cybersecurity risk management.

Vendors and third-party partners help your business grow and stay competitive. But they also expose your organization to cyber risk. From the SolarWinds hack to the Target breach, the supply chain can house weak links -- an attack avenue of choice for hackers. 

That’s because malicious attackers tend to look for the weakest link in an organization’s security posture. Often, this resides in your company’s interconnected supply chain. When you’re dealing with potentially hundreds of vendors — some who handle sensitive data — third-party and supply chain risk management can be overwhelming, but a necessity to manage.

Evaluate and onboard new vendors quickly and securely

Continuously monitor your vendor portfolio

Triage risk in collaboration with your vendors

Solve the fourth-party problem

TPRM Onboarding Risk Summary

As companies seek to gain a competitive advantage, many are looking for ways to onboard new vendors quickly. For them, engaging in time-consuming traditional security assessments, where each vendor is assessed the same way, is not scalable. They need a faster approach – but one that doesn’t sacrifice security for speed.

With Bitsight, you can accelerate and scale the onboarding process and gain immediate visibility into cyber risks within a new vendor’s ecosystem. Bitsight’s risk management tools, including Security Ratings, provide an immediate, near real-time view of each third-party’s overall security posture – eliminating the need for costly, time-consuming assessments. With our native integrations with industry-leading vendor risk management platforms, you can continue to use the tools you’re already using for onboarding.

Portfolio Reports

Traditional security assessments aren’t just slow, they’re incomplete. They give point-in-time snapshots of a vendor’s security profile that may or may not be relevant down the line, potentially leaving your organization exposed without you even knowing.

With Bitsight you can continuously and automatically monitor the cybersecurity health of your third-party vendors – quickly, at scale, and for the life of the relationship. You’ll have continuous access to visibility of the cybersecurity health of your vendors at any moment.

Plus, Bitsight helps security teams easily tier your third parties based on the criticality they present to your organization. Set risk thresholds based on how critical vendors are to your business and the inherent risk you’re willing to accept. Prioritize risks in your vendor pool – such as a vendor who handles sensitive data – and continuously monitor those parties for new or emerging risks. Get instant alerts when pressing security issues arise, allowing for fast intervention, quicker risk reduction, and greater peace of mind.

Financial Services Security Performance Management

It’s great to be able to mitigate risk once it enters your software supply chain. It’s even better to stop it before it gets there.

Get one step ahead of the bad guys by using Bitsight as your first line of defense. Evaluate a potential software or cloud service provider before they become part of your digital supply chain.

By stopping software supply chain attacks before they have a chance to get started, you’ll save time by not having to fully evaluate vendors that fail to meet your initial security requirements. More importantly, you’ll protect your organization from third-party risk.

EVA Invite

You want better security. Your vendors want better security. Why not work together to achieve this common goal?

Proactively engage with vendors to reduce cyber risk. By granting vendors access to the Bitsight platform, they can proactively assess their ecosystems for cyber risks, such as exposure to ransomware and other security issues, using the same view of their network that your organization has. For rapid risk-mitigation, Bitsight also provides actionable and specific recommendations about how they can strengthen their own network security.

When your vendors take proactive steps to manage their cyber risks, it translates to reduced risk for everyone.

Fourth Party Risk Management

The supply chain doesn’t stop at third parties. They have partners, too. When a third-party is compromised by a fourth-party it puts your organization at risk.

With Bitsight you can continuously monitor fourth-party risk and gain unprecedented visibility into your entire vendor ecosystem. Be alerted to newly uncovered relationships, validate your supply chain risk assessment questionnaires, and work with your vendors to mitigate risk – it’s a win/win for all.

5 Proven Strategies to Maximize Supply Chain Cyber Risk Management Cover 2

Build a robust Third-Party Risk Management program that stands resilient against the tide of evolving threats and regulatory requirements. Download now to access exclusive insights from industry experts and fortify your supply chain defenses.

Objective, trusted data and analytics on global, national, and sectoral cybersecurity performance