This global financial firm felt that their vendor risk management team had proper security protocols in place, but were still worried about third-party breach. They did not have enough insight to make informed decisions about risk in many areas of their business.
Their team turned to BitSight Security Ratings for Third Party Risk Management for:
- An automated, outside-in approach that reduced reliance on static assessments and provided continuous insight into partners’ security postures
- Daily Security Ratings which enabled the organization to quantify risk and refocus its resources where they were most needed
- Evidence-based ratings that identified security risks that questionnaires and self assessments missed
