The exponential volume of third parties which companies interact and share data with continues to grow as digital transformation increases the speed and reach of organizations. The need for automation, global scalability and advanced, real-time services is wider than ever. While organizations may acknowledge the risk that third parties pose to their business, 84% of organizations still struggle to implement the proper balance of people, process and technology to effectively manage this risk.
Industry Challenges
The ramifications of working with third-party vendors increase attack surface, leaving it more vulnerable to cyberattacks through third and forth parties. The more vendors you work with, the greater your cyber risk.
Third-Party Risk
Attack Surface
Security Metrics
Compliance
Manual Processes
Data Loss
Growth
Best Practices
Cloud Adoption
Governance
Service Overview
Forecight’s Managed Risk service fills a fundamental security gap by making it simple to non-invasively quantify and monitor cyber risk across thousands of third parties. The managed service provides intelligence from a technical, financial and compliance perspective while eliminating false positives and ensuring a holistic approach to vendor risk management.
We mitigate risk by assessing relationships, business profile, cyber and control risk through customizable workflow automation, industry-specific compliance standards, and a business-centric strategy. We assess vendors, guide your focus to significant risks and manage operational aspects, or fully manage your program – allowing your staff to focus on high impact risk decisions and remediation.
Attack Surface Management
Monitor attack surface, prevent data breaches, and protect corporate and customer data.
Continuous Attack Surface Visibility
Updated Security Ratings
Proactive Data Leak Alerts
Third – Party Risk Management
Monitor vendors, automate questionnaires, and reduce third and fourth-party risks.
Third-party Attack Surface Visibility
Custom Or Regulation Questionnaire / Assessment
Dedicated Expert TPRM Analysts
Key Categories & Services Benefits
360° Cyber Risk Degree View
Providing intelligence from a technical, financial and compliance perspective, Managed Risk service eliminates false positives and ensures a holistic approach to vendor risk management.
Standards-Based Data
Managed Risk service is a fully transparent, standards-based cyber ratings platform, ensuring all users know exactly how their findings are calculated.
Unmatched Scalability
Managed Risk service leverages the largest data lake in the world providing consistent visibility into over 34 million companies and counting, with 20+ risk categories and 290 controls – 3x the competition.
Extension Of Your Risk Team
Certified analysts and subject matter experts to work hand in hand with your existing team, running your vendor risk program aligned to the business and protecting your data.
Service Flexibility
Adapt to your organizations criteria terminology, maintain the platform, manage system automation and conduct process improvements on either an ongoing or ad-hoc basis.
Cyber Risk Posture
Managed third party risk assessment workflows, and instant notifications about vendors’ cybersecurity, all in one centralized executive and technical reporting.
Cyber Risk Quantification
Continuously manage, assess and monitor vendors, security questionnaires, and reduce third and fourth-party risk exposure.
Lifecycle Management
Managed Risk services manages all vendors securely with audit logs and conducts risk assessments based on a vendor’s risk exposure to business.
Customized Questionnaires
Managed Risk’s saves time and governs vendor risk assessment processes. Remove the inefficiencies and manual work when monitoring vendors.
