Partnership Provides Insight Into Cybersecurity Risk Exposure

Vendorly is now an authorized reseller of BitSight Security Ratings, which can help provide Vendorly customers with the ability to scale their vendor risk management programs quickly and effectively, regardless of their current security posture.


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Global organizations are increasingly facing significant cyber risk management challenges. To help proactively mitigate risk, organizations need automated tools to measure and monitor the security performance of vendors. The BitSight Security Rating Platform generates objective, quantitative measurements on a company’s security performance to produce daily security ratings ranging from 250 to 900.


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BitSight analyzes externally observable security incidents and practices, and applies sophisticated algorithms to produce a rating. With over 59,000 vendors actively managed on the Vendorly™ platform, the addition of BitSight showcases Vendorly’s commitment to raising the standards of third-party risk management, with a focus on strategic partnerships to help mitigate risk throughout the vendor lifecycle.


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“For many organizations, cybersecurity and threat assessments continue to be an esoteric concept,” said Jim Vaca, Senior Vice President, Vendorly. “Organizations are often not capable of keeping up with the rapidly changing threat environment, let alone understanding the actual security performance of their critical vendors. BitSight has created objective metrics and tools that help identify cyber risk in a way that is understandable for organizations.”


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“We are thrilled to work alongside Vendorly to help financial institutions address critical cyber risk challenges,” said Matt Cherian, Vice President of Strategic Partnerships, BitSight. “With companies increasingly outsourcing key business functions, managing vendor risk is critical to protecting a company’s most important assets. BitSight delivers the data and analytics necessary to make informed decisions.”