Posted 24 Oct 2018
New York, NY, October 24, 2018 - SecurityScorecard, the leader in security ratings, today announced the addition of RiskContext™ as well as new GDPR compliance mapping capabilities to its industry leading security analytics suite. RiskContext enables security and risk management teams to instantly compare issue-specific findings against similar companies. In addition to the release of contextual peer analytics enhancements, the company’s new GDPR mapping capabilities enable risk and compliance professionals to continuously monitor their business partners for GDPR regulation findings.
As the industry’s first peer-to-peer issue comparison tool, RiskContext gives customers performance visibility across more than 80 issues in contrast to companies that are similar in terms of size and industry. This gives security and risk management professionals an easy way to benchmark the cybersecurity capabilities of their own organization against peers and third parties, as well as the ability to create a cybersecurity dialogue across the vendor ecosystem.
“The ability to instantly visualize the risk profile of any business is a pillar of the SecurityScorecard platform,” said Aleksandr Yampolskiy, co-founder & CEO of SecurityScorecard. “RiskContext adds enhanced capabilities to our analytics suite and allows our customers to instantly understand risks in their ecosystem in contrast to how other similar companies are performing on an issues specific level. This capability, unique to the SecurityScorecard platform, provides granular detail allowing customers to make better risk management decisions.”
Since GDPR’s enactment in May 2018, many organizations are still challenged in understanding how the regulation impacts their business. Through SecurityScorecard’s GDPR compliance mapping, customers can now continuously monitor areas of potential non-compliance.
“Compliance is a fundamental component of an organization’s risk management framework. As the only security ratings provider that has a dedicated compliance module, SecurityScorecard is leading the industry’s effort in providing customers with continuous monitoring of their business partners for GDPR specific regulation findings,” said Fouad Khalil, Vice President of Compliance at SecurityScorecard. Citing the platform’s additional capabilities, Khalil states, “Using SecurityScorecard’s issue-level event logs and remediation planning capabilities, customers can easily pull analytics relevant to auditors and regulators, while benefiting from visibility into their organization’s cyber compliance status.”
Headquartered in the heart of New York City, SecurityScorecard's vision is to create a new language for measuring and communicating security risk. The company was founded in late 2013 by Dr. Aleksandr Yampolskiy and Sam Kassoumeh, two former cybersecurity practitioners who had served, respectively, as Chief Information Security Officer and Head of Security and Compliance. With cloud solutions becoming an increasingly integral part of the security technology stack Yampolskiy and Kassoumeh recognized the need to address third- and fourth-party risk as well as better understand the security capabilities of their business partners. Since its founding, the company has grown dramatically and now counts hundreds of leading brands as customers. SecurityScorecard is backed by leading venture capital investors including Sequoia Capital, GV, NGP Capital, Evolution Equity Partners, Boldstart Ventures, AXA Venture Partners among others. For more information, visit securityscorecard.com.
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