How SecurityScorecard Enhances AuditBoard’s RiskOversight and TPRM

The Need to Look Beyond Assessments in GRC

Enterprise risk today demands continuous, comprehensive vigilance. Today’s Governance, Risk, and Compliance (GRC) professionals must constantly monitor security posture, not just that of external vendors, but also the security health of their own organization, to satisfy executive leadership and internal auditors. A comprehensive risk strategy demands two-way visibility, which includes understanding external vendor risk (the outside-in view) and verifying internal cyber health (the inside-out view).

The traditional approach to Third-Party Risk Management (TPRM) relies heavily on periodic questionnaires and static assessments, which fail to capture real-time risk. The integration of SecurityScorecard and AuditBoard directly addresses this need, providing both necessary views through two distinct, platform modules that work in concert.

The SecurityScorecard-AuditBoard integration is strategically vital, as it allows teams to evaluate and manage risk collaboratively across both tactical assessments and strategic risk programs. By embedding SecurityScorecard’s objective, continuous ratings directly into AuditBoard, organizations gain a unified view, allowing them to manage third-party risk more efficiently while monitoring internal cyber health continuously.

The Outside-In View: Continuous TPRM Mastery

AuditBoard’s Third-Party Risk Management solution provides the foundation for managing third-party risks, enabling teams to evaluate and manage risk collaboratively with their vendors. The SecurityScorecard integration immediately enhances this workflow with real-time, objective threat intelligence directly within the GRC platform.

The Power of Integration

The seamless integration of SecurityScorecard data into AuditBoard’s TPRM solution delivers measurable customer outcomes:

• Accelerated Risk Assessments: Teams can instantly access SecurityScorecard ratings to evaluate any third party on demand, efficiently assessing and tracking vendor risk. This removes the reliance on manual data toggling between platforms.
• Workflow Efficiency: SecurityScorecard’s continuous scanning of billions of signals identifies threats early, helping to inform strategic decision-making and eliminate reliance on static, point-in-time assessments.
• Proactive Mitigation Management: Teams can identify top third-party cyber risks, proactively manage mitigation plans, and collaborate with vendors to remediate issues before they impact the organization.
• Operationalizing Cyber Risk Data: SecurityScorecard data is pulled directly within the context of third-party vendors, streamlining the process of continuous monitoring and risk evaluation.

The Differentiator: Inside-Out Assurance with RiskOversight

Managing vendor risk is essential. But a complete GRC strategy must also provide visibility into your organization’s own cyber health. GRC teams often struggle because they lack a simple, objective metric for their own organization’s cyber health directly within their GRC platform. The integration into AuditBoard’s newest RiskOversight module closes this gap.

This integration is a key differentiator in the GRC market, as it allows the platform to move beyond external-facing compliance. Specifically, RiskOversight includes SecurityScorecard’s first-party rating information for the organization’s own cybersecurity posture.

This powerful addition enables AuditBoard to offer continuous internal risk monitoring. Organizations can use the first-party score for more than simple status checking, as it provides the data required for genuine internal benchmarking. Risk and compliance teams use this objective, self-monitoring score to measure performance against security goals and justify internal security investments.

This also delivers enhanced audit readiness by providing verifiable, continuous data on the organization’s cyber performance. This connects technical IT risk data directly with the broader enterprise risk themes tracked in RiskOversight, significantly enhancing internal risk oversight and ensuring that the organization can accurately report on its own security effectiveness to meet regulatory demands.

Unifying Risk with SecurityScorecard and AuditBoard

The partnership between AuditBoard and SecurityScorecard delivers the unified visibility that risk leaders require. By combining AuditBoard’s TPRM (Outside-In) and RiskOversight (Inside-Out), customers get a complete, strategic picture of cyber risk.

• Strategic Advantage: The integration bridges the gap between GRC and cybersecurity for more aligned risk decisions. It allows teams to align cyber risk with enterprise risk initiatives and take data-driven action to reduce exposure.
• Data-Driven Visibility: Customers achieve a complete picture of cyber risk: inside-out via RiskOversight and outside-in via TPRM, empowering security, risk, and compliance teams to work from a single source of truth.
• End-to-End Efficiency: This streamlined approach improves efficiency in third-party risk workflows by consolidating tools, allowing teams to evaluate and monitor vendors more accurately without jumping between tools.

The combined power of these two solutions ensures organizations are not merely managing risk, but proactively reducing exposure and fortifying their entire digital ecosystem.

Ready to connect your organization’s internal cyber health and vendor risk into one continuous GRC view? Learn how SecurityScorecard powers audit-ready compliance.