SecurityScorecard, a leading cybersecurity company, has unveiled its new Managed Cyber Risk Services aimed at assisting organizations in managing third-party cyber risk. With an alarming 98% of organizations having a relationship with at least one-third party that experienced a breach, the need for effective third-party cyber risk management has become an urgent priority.
According to Aleksandr Yampolskiy, the CEO and Co-Founder of SecurityScorecard, many Chief Information Security Officers (CISOs) struggle with manual and inconsistent third-party risk approaches that focus primarily on checkbox compliance. Recognizing this challenge, SecurityScorecard has developed Managed Cyber Risk Services to provide organizations with a way to operationalize third- and fourth-party cyber risk management.
This new offering is unique in the market as it integrates Managed Cyber Risk Services with a complete product suite of solutions, making it the only solution of its kind. With over 3,000 customers worldwide, SecurityScorecard’s Managed Cyber Risk Services have been designed with the input of customers and will be delivered by partners to achieve strategic business and security outcomes.
The key benefits of SecurityScorecard’s Managed Cyber Risk Services include the identification and mitigation of third-party cyber risk, addressing the cybersecurity skills gap, managing third- and fourth-party risk portfolios, making security ratings more actionable, verifying contract compliance, tracking resolved issues, enhancing board reporting, and delivering peace of mind to customers.
One of the significant advantages of SecurityScorecard’s offering is its direct connection to the SecurityScorecard Platform. This enables customers to drill down into specific portfolios, companies, findings, and issues, empowering them to take necessary actions to improve their security posture. Moreover, SecurityScorecard’s API-first architecture allows organizations to integrate the data directly into their existing security stack, reporting tools, or preferred Managed Security Service Provider (MSSP) for even better security and business outcomes.
To enhance its expertise in cybersecurity risk management, SecurityScorecard has recently added Jeff Laskowski, a cybersecurity veteran and former leader at Mandiant, to its executive team. With the acquisition of LIFARS in 2022, SecurityScorecard already had a team of elite cybersecurity risk experts. Laskowski’s appointment as Senior Vice President and General Manager of Professional Services further strengthens the company’s ability to deliver innovative solutions and effectively mitigate third-party risk.
SecurityScorecard’s partner-focused approach ensures that customers can leverage its experts and a broad ecosystem of service delivery partners. This approach not only amplifies the benefits of the SecurityScorecard platform but also improves customer relationships with service providers. Partners that utilize the “Powered by SecurityScorecard” brand will deliver the fastest time to value for their customers, thanks to SecurityScorecard’s decade of experience in third-party cyber risk management.
Larry Slusser, Vice President and Global Head of Professional Services Delivery at SecurityScorecard, highlighted the importance of a specialized and skilled workforce when it comes to operationalizing third-party cyber risk management. He also emphasized that by applying the principles of incident response to vendor risk management, organizations can take a proactive and comprehensive approach to eliminate business disruption and enhance cyber resilience.
The Managed Cyber Risk Services will be available to all customers by the end of the year. Organizations interested in these services can sign up for an invitation and schedule a meeting with SecurityScorecard at BlackHat USA 2023.
Partners interested in collaborating with SecurityScorecard on Managed Cyber Risk Services are encouraged to reach out to the alliance’s team or their partner relationship manager. Existing customers can contact their account manager for more information.
With the increasing complexity and frequency of cyber attacks, SecurityScorecard’s Managed Cyber Risk Services provide organizations with an integrated solution to effectively manage third-party cyber risk and enhance their overall security posture. By combining industry-leading technology with expert services, SecurityScorecard aims to help organizations navigate the evolving threat landscape and deliver on their missions securely.