According to research from SecurityScorecard and the Cyentia Institute, 98% of organizations have at least one third-party vendor that has suffered a breach in the last two years. Now more than ever, organizations need a solution that gives them complete visibility into their third, fourth, and even Nth party ecosystem.
SecurityScorecard’s Automatic Vendor Detection is a powerful, AI-powered solution that helps organizations take control of their vendor ecosystem. Automatic Vendor Detection can detect the highest number of third and fourth parties and the products they use to pinpoint any associated tech stack risks.
The main use cases for Automatic Vendor Detection:
Supplement vendor security assessments. You will have actionable data at your fingertips to evaluate vendors and confirm the accuracy of their self-supplied third-party list. Uncover who vendors are using as their tech stack suppliers.
Uncover vendors using a product or service that suffered a data breach. For example, suppose you heard of a massive ransomware operation that impacted a popular organization. In that case, you can use Automatic Vendor Detection to uncover if your organziation has any relationships with those vendors or products. This can drastically reduce your 0-day response scope.
Find rogue vendors or otherwise unknown vendors that may have bypassed your current vendor onboarding process.
Fourth-party vendor analysis. Discover shared 4th party dependencies across groups of vendors and find hidden catastrophic risks across a vendor’s business ecosystem in the form of concentration risk. If 75% of your critical vendors rely on Vendor X and Vendor X gets breached, this can result in massive disruption to your business.
Automatic Vendor Detection is a simple way to understand risk across your growing digital supply chain
Automatic Vendor Detection instantly lets you view your entire third and fourth-party tech stack ecosystem, enabling you to visualize risk and take proactive mitigation steps. You’ll be provided with an easy-to-understand Supply Chain Risk Score of your combined ecosystem risk, helping you understand potential threats to your organization
The supply chain risk score for a vendor based on their third- and fourth-party connections
You can click a segment of the semicircle to see only vendors with that grade. Click the C, D, or F segment to focus on more problematic vendors.
To find third and fourth parties, Automatic Vendor Detection uses a web scan approach and a document search/correlation approach (Enhanced Illumination). An example would be examining the HTML of a given company’s public web presence, looking for assets loaded from third parties, which are then attributed, and a linkage is created.
Finding product and vendor references in logistics documents, job postings and resumes, or other document sources that pass our confidence checks, are other examples of how we make these connections. New connections are detected every two weeks.
Data collection sources and techniques for Automatic Vendor Detection
The concentration risk of a group of third parties you are continuously monitoring
Enhanced Illumination is also capable of contributing product-level observations, allowing for granular identification of specific software, products, or technologies that are in use by an organization.
Automatic Vendor Detection data is not limited to the SecurityScorecard platform. It can also be integrated into your existing threat intelligence or GRC solutions to power informed decisions via our API.
Please watch this video for more information on Automatic Vendor Detection and its benefits: