Venminder Announces On-Demand Security Assessments For New Vendor Onboarding Fully Integrated Into Its Third Party Risk Management Platform

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2021-10-27

ELIZABETHTOWN, Ky., October 27, 2021 / PRNewswire-PRWeb / – Venminder, a recognized industry leader in third-party risk management solutions, today announced the release of a new integration with the BitSight security assessment platform. The new connection, BitSight Indicator, will allow customers who use the vendor integration module within Venminder’s core SaaS platform to order BitSight security assessments on demand during screening, onboarding and evaluation of new suppliers.

The Venminder SaaS platform is a comprehensive solution for organizations looking to create a complete end-to-end lifecycle view of the risks their vendors may pose, enabling them to track, automate, assess and transparently report all supplier activities in centralized information. deposit. With BitSight Indicator, customers can seamlessly integrate BitSight security ratings and risk vectors into Venminder’s SaaS platform vendor integration module to improve the effectiveness and efficiency of risk assessments cybersecurity by third parties.

“We are delighted that our customers can now order BitSight cyber risk data on demand to reference other data points gathered in Venminder,” said James hyde, CEO of Venminder. “Performing a vendor risk assessment is a valuable investment of time and a necessary component of a third party risk management program. With the regular barrage of breaches in the news and the need for new vendors requiring more due diligence, reviews, and oversight than ever before, BitSight Security Assessments have proven invaluable to third-party risk professionals. as a data point when measuring and managing cybersecurity performance. “

For a complete view, the Venminder platform also integrates with BitSight to provide continuous and continuous monitoring. Customers can view the top BitSight risk vectors on their vendor dashboard within Venminder’s SaaS platform to stay on top of all relevant threats, and then can take appropriate action immediately within the platform. trains Venminder, improving communication and team alignment around cybersecurity risk.

“Accelerated digital transformation means cybersecurity has never been more essential to integrated third-party risk management,” said Vanessa Jankowski, vice president and general manager of third party risk management at BitSight. “We are proud to partner with Venminder because our integration helps customers quickly validate and assess vendor cyber risks during onboarding and throughout the vendor lifecycle. “

For more information, please visit http://www.venminder.com

About Venminder
Venminder offers a world-class SaaS platform that guides and streamlines third-party risk management. Venminder’s platform helps users collaborate on everything supplier-related and guides critical processes such as monitoring management, contract management, risk assessments, due diligence requirements, questionnaires, SLA management, supplier integration, etc. Robust and configurable reports can be generated from the tool to give clear visibility into the management and ongoing monitoring of third parties. Comprehensive vendor risk assessments can be found in Venminder Exchange and include in-depth vendor information security assessments, SOC reports, contracts, financial data, business continuity / disaster recovery , etc. Venminder also powers Third Party ThinkTank, a free online community dedicated to third party risk professionals. For more information, visit http://www.venminder.com. Follow Venminder on LinkedIn, Twitter and Facebook.

About BitSight
BitSight is transforming the way the global marketplace treats cyber risk with cybersecurity assessments and analysis. The BitSight Security Rating Platform applies sophisticated algorithms, producing daily security ratings ranging from 250 to 900, to help organizations manage their own security performance; mitigate risks associated with third parties; take out cyber insurance policies; demonstrate financial diligence; and improve national security. With 2,300 customers worldwide and the largest ecosystem of users and information, BitSight is the standard in security assessment. Learn more at bitsight.com.

Media contact

Jessica carbin, Venminder, +1 (888) 836-6463, media@venminder.com

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SOURCE Watchman

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