Overview

As vendor lists expand and periphery competencies are outsourced, effective vendor risk management is as critical and internal cybersecurity risk management. Enabling vendor risk teams to incorporate their assessment data alongside that of risk, compliance, and audit teams’ is paramount to a strong security posture. This integrated approach eliminates siloes and miscommunication between internal and external risk management teams and encourages a holistic cybersecurity program strategy. Beyond these benefits, CyberStrong further facilitates greater transparency within vendor-customer relationships that promotes trust and understanding between the goals of organizations and their vendor communities.

CyberStrong’s vendor risk management component automates risk and control assessments, remediation tracking, and reporting of third parties. Custom control sets can be tasked out to vendors, and CyberStrong provides infinite scale for even the largest supply chain. CyberStrong’s VRM capabilities include:
Automated executive dashboard: An automated Executive Dashboard and per-assessment dashboards aggregate third party compliance and risk data and are updated in real-time as third parties address their questionnaire, controls, and risk assessment
Credible risk scoring: Based on NIST’s 800-30 Risk Management Framework, you can measure inherent and residual risk as well as risk based on various threat types
Instant vendor reporting: Automated reports in the form of a standard Risk Assessment, System Security Plan (SSP) and Plan of Action and Milestones (POAM) allow vendors to submit at anytime, or for others to view. Executive risk reports are available with the click of a button
Vendor assessment monitoring: View all of your third party assessments and prioritize by percent complete, framework or control set, CyberStrong score and more