In today’s connected world, organizations face increasing cybersecurity threats not just from internal operations but also through their supply chains. Approximately 60% of data breaches originate from third-party vendors. If your business engages multiple vendors, managing this risk is paramount to safeguarding your data and reputation.
ConsultVisory stands out in the landscape of cyber risk management by delivering an advanced platform designed specifically for third-party risk intelligence. This solution prioritizes visibility and comprehensive assessments over simplistic security ratings.
Multidimensional Insights from OSINT Resources ConsultVisory leverages over 1,000 Open Source Intelligence (OSINT) resources to provide rich insights into vendor risks. This extensive data collection offers businesses a multidimensional view of potential threats, ensuring informed decision-making.
| Technical Ratings Based on Industry Standards ConsultVisory uses MITRE standards to compute technical letter grades across 20 contextual categories. This unique approach simplifies complex data into easy-to-understand ratings, allowing companies to swiftly gauge the security posture of their vendors.
| Financial Impact Analysis Understanding the financial ramifications of a data breach is critical. ConsultVisory applies a methodology to estimate the probable financial consequences of a breach, empowering businesses to make risk-based decisions about their vendor relationships.
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Compliance Ratings Across Regulations The platform also offers compliance ratings that assess vendors against various regulatory frameworks, including CMMC, GDPR, PCI-DSS, and HIPAA. This feature enables companies to ensure that their vendors not only comply with necessary regulations but also align with the organization’s compliance requirements.
| Ransomware Susceptibility Index® Understanding ransomware risks is essential in the modern threat landscape. ConsultVisory provides Ransomware Susceptibility Index® ratings that assess the likelihood of a ransomware attack targeting each vendor. The index considers key indicators and existing ransomware controls, offering a clearer picture of potential vulnerabilities.
| The Efficiency of Automated Assessments Traditional vendor risk assessments are time-consuming and labor-intensive. ConsultVisory’s automated system simplifies this process, significantly cutting down the hours needed to evaluate vendor responses, enabling organizations to concentrate on strategic initiatives instead of manual assessments.
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Organizations can initiate their journey towards improved vendor risk management by engaging in ConsultVisory‘s free cyber risk assessment service. By simply submitting the necessary details about their top five critical vendors, businesses can begin to acquire invaluable insights into their third-party cybersecurity postures.
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