NEW YORK, Feb. 16, 2016 /PRNewswire/ — SecurityScorecard, the most accurate benchmark of security risk across the entire business ecosystem, today announced the launch of Automatic Vendor Detection (AVD™). AVD is the first and only technology that automatically finds and determines the cybersecurity rating of vendors (third party) and the vendors of vendors (fourth party) for any organization, even those that may not be known by the risk management team. The proprietary ecosystem scan allows companies to understand their cybersecurity risk across their entire business ecosystem and take remediation steps to prevent a potential data breach.
AVD uses a variety of non-intrusive methods to draw connections between vendors and their providers, allowing for a more thorough investigation into any and all cybersecurity risks posed to SecurityScorecard users. Network access, penetration tests, and security forensics, are invasive and are not required with the SecurityScorecard solution. The technology is innovative, reliable and easy to use. All vendor vulnerabilities and weaknesses can be conveniently accessed via the Vendors Page within the SecurityScorecard platform.
“A company’s exposure to cyber risk extends to the network vendors they work with,” said Brad Gow, Senior Vice President at Endurance. “SecurityScorecard’s Automatic Vendor Detection augments their traditional offering by identifying critical third and fourth party network dependencies, giving us additional clarity into the quality of their IT management as well as identifying potential hotspots over our entire cyber portfolio.”
Most data breaches occur through vendor weaknesses. In fact, according to the 2015 Verizon Data Breach Report, “In 70% of the attacks where we know the motive for the attack, there’s a secondary victim.” AVD was developed to instantly provide any organization the security posture of their known and unknown vendors to address potential issues before they are exploited.
“It’s difficult for today’s enterprises to centrally know all vendors engaged across an organization and monitor their security posture in an accurate way,” said Sam Kassoumeh, Chief Operating Officer and Co-Founder of Security Scorecard. “Our technology automatically discovers an organization’s third and fourth party vendors and addresses potential vulnerabilities head-on, and assists our customers in fully protecting their networks from costly breaches.”
“AVD is a major development within the vendor risk management space,” according to Nikon Rasumov, Director of Product at SecurityScorecard. “Vendor relationships are automatically determined based on proprietary data points that captures millions of interactions between companies. As a result, many SecurityScorecard customers have vastly improved their vendor footprint enabling a complete picture of potential cybersecurity weaknesses.”
The launch of AVD builds upon the SecurityScorecard platform’s already invaluable offering for Security Officers, Vendor Risk Managers and Cyber Insurance companies. SecurityScorecard users can now gain even greater insights onto their third and fourth party’s security posture and better identify where the potential vulnerabilities lie.
For more information on the Automatic Vendor Detection (AVD), please visit http://blog.securityscorecard.com/.
SecurityScorecard is a leading security risk benchmarking platform that provides real-time security of any company and their vendor networks worldwide. The company was founded in 2013 by two former Chief Information Security Officers, Dr. Aleksander Yampolskiy and Sam Kassoumeh. SecurityScorecard is made up of veteran security researchers, cryptographers, data scientists, and software engineers. The company is privately held with headquarters in New York City. SecurityScorecard investors include Sequoia Capital, Evolution Equity Partners, Boldstart Ventures and others.