Robo-raters Help Banks Vet Vendors for Cyber Risk

These specialists are touting services for monitoring third parties amid tougher rules on outsourcing risk.

If you want to reduce the risk posed by third parties to your organization, you hire another third party to police them.

This concept may not be intuitive, but cyber risk rating companies such as BitSight, RiskRecon and SecurityScorecard have made it central to their business proposition.

These companies are trying to offer an alternative to the staple methods of third-party risk management, where banks vet vendors using questionnaires, lengthy audits and site visits. Instead, the rating

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: