Vendorly now is an authorized reseller of BitSight Security Ratings, both companies announced.
Vendorly said its agreement with BitSight will help its customers scale their vendor risk management programs quickly and effectively, regardless of their current security posture.
“For many organizations, cybersecurity and threat assessments continue to be an esoteric concept,” Vendorly Senior Vice President Jim Vaca said in a release. “Organizations are often not capable of keeping up with the rapidly changing threat environment, let alone understanding the actual security performance of their critical vendors. BitSight has created objective metrics and tools that help identify cyber risk in a way that is understandable for organizations.”
BitSight generates objective, quantitative measurements on a company’s security performance to produce daily security ratings. BitSight analyzes externally observable security incidents and practices, and applies algorithms to produce a rating.
“We are thrilled to work alongside Vendorly to help financial institutions address critical cyber risk challenges,” BitSight Vice President of Strategic Partnerships Matt Cherian said. “With companies increasingly outsourcing key business functions, managing vendor risk is critical to protecting a company’s most important assets. BitSight delivers the data and analytics necessary to make informed decisions.”