RiskXchange cybersecurity platform
What is third party risk management?
A third-party risk management program involves monitoring and assessing third-party risks to identify and mitigate potential third-party threats to your enterprise.
Why is third party risk management important?
A single disruption or unmitigated cybersecurity vulnerability anywhere along the supplier network can quickly turn into a much larger issue, impacting share price, bottom-line profits and brand value.
An automated third-party risk management program reduces the frequency and severity of data breaches and cyber attacks involving third and fourth-parties. Furthermore, the program protects sensitive data, PII, PHI, intellectual property, and ensures business continuity. Third-party risk management improves reporting, making it much easier to initiate organisation-wide programs about cybersecurity and third-party risk.
How do you carry out a vendor risk assessment?
1. Compare your list from the Accounts Payable department to your vendor risk assessment list.
2. Bucket your actively managed vendors into groups.
3. Understand the business impact and regulatory risk.
4. Determine rating criteria and risk tolerance.
What is an attack surface?
An attack surface encompasses all the potential digital vectors through which an attack may occur. It includes things like Internet of things (IoT) devices, email servers, network devices, hidden code from threat actors, partners and third parties.
What is attack surface management?
Attack surface management allows organisations to discover potential threat targets and mitigate cyber risks by monitoring internal and external assets for vulnerabilities.
Today cyberattacks have become subtle and insidious, exploiting loopholes in the attack surface to siphon data out of the supply chain over time. That's why continuous and automated Attack Surface Management solutions, such as an integrated RiskXchange platform, are essential to prevent the attacks.
What is security posture?
Cybersecurity posture refers to the overall cybersecurity strength of an organisation. It reflects the security of an IT network, estate, or system, particularly relating to the internet and the defences in place to prevent an attack.
How an organisation’s software and hardware are managed through controls, policies or procedures are the main basis of cybersecurity. Although each one can be tackled individually, the collective and holistic approach of dealing with them as one is known as a cybersecurity posture.
How to improve the security posture of an organisation?
1. Continuously monitor, identify and manage risk in cybersecurity infrastructure
2. Assess risk rating and cybersecurity compliance with RiskXchange
3. Increase visibility across your entire ecosystem using vendor risk assessment report
How can compliance across an organisation's ecosystem be monitored?
One of the most effective methods for ensuring cybersecurity compliance is conducting regular point-in-time assessments. These organisations make it easier to stay up-to-date on the latest regulations. The evolving and expanding threat to infrastructure requires continuous monitoring of enterprises and security posture to facilitate sustained compliance with constantly shifting regulations.
Security Risk Ratings
Monitor your vendors continuously, automate security questionnaires, and reduce third and fourth-party risk.
RiskXchange enables users to monitor cybersecurity ratings, add vendors or partner organisations easily, and report on the health of their cybersecurity programmes and compliance. Learn more here.
Attack surface management
Monitor your attack surface, prevent data breaches, discover leaked credentials, and protect customer data.
RiskXchange helps prevent breaches by monitoring your attack surface continuously across key domains—identifying critical security issues before hackers do. Learn more here.
Digital risk protection
Defend your organisation from threats to your digital systems and footprint with a fully-integrated Digital Risk Protection platform.
With features like Account Takeover Prevention, Impersonation Protection and Dark Web Monitoring, our powerful solution helps you understand your threat landscape, mitigate vulnerabilities and protect your business against malicious actors. Learn more here.
360° Vendor Risk Management
The RiskXchange platform makes it easy to collaborate, reduce cyber risk, improve security maturity and become compliant together.
RiskXchange quantifies and proactively helps you mitigate cyber risk across your entire third-party and fourth-party vendors ecosystem by delivering real-time continuous risk analysis, and scoring of cyber risk using our advanced risk quantification methods. Learn more here.
Security Assessments
The RiskXchange platform makes it easy to collaborate, reduce cyber risk, improve security maturity and become compliant together.
Upload, create, and modify as many assessments as required for your third-party suppliers. Automate security questionnaires, and reduce third and fourth-party risk. Learn more here.
Fully managed third-party risk
Whether you're scaling your third-party risk programme, or want to prevent data breaches; do it all with our team of expert analysts, cybersecurity products, and support from our AI-assisted risk management platform, which manages your vendor risks for you continuously.