New Offering Generates Report-Card Style, Third-Party Cyber Risk Analytics in 60 Seconds
Mclean, Va., April 01, 2019 – NormShield, provider of on-demand cyber risk scorecards for enterprises, has launched its industry-first Rapid Cyber Risk Scorecard, the only risk assessment solution that delivers detailed, accurate data on any company’s security vulnerabilities in 60 seconds or less.
With NormShield’s Rapid Cyber Risk Scorecard as-a-service, companies no longer need to rely on sending out lengthy cyber risk questionnaires to their vendor partners as a way to measure third-party risk. Instead, Rapid Cyber Risk Scorecards identify potential supply chain risk by scanning the target company’s domain name using open-source intelligence techniques (OSINT), avoiding the need to access internal assets. NormShield’s approach delivers a faster, more affordable way for cyber insurance providers and third-party risk managers to obtain a real-time, on-demand assessment of cybersecurity risks.
“Global manufacturers, financial organizations, healthcare firms, and large enterprises need a simple, reliable way to assess and mitigate ongoing exposure to third-party risk, especially through their extended ecosystems,” said Mohamoud Jibrell, Chief Executive Officer at NormShield. “To make informed decisions about which partners to work with, whether to follow through on an M&A deal, or whether to issue a cybersecurity insurance policy, organizations must have a more modern, accurate way to assess cyber risk. Our Rapid Cyber Risk Scorecards automate what was once a lengthy, labor-intensive process, so companies have the information they need in minutes instead of days or weeks.”
In one minute or less, the Rapid Cyber Risk Scorecard delivers reliable data in 10 different risk categories and more than 250 control items using easy-to-understand, report card-style letter grades. The scorecards analyze such risk categories as patch management, DNS health, email security, and can even detect if an organization’s user credentials have been part of any publicly-disclosed leaks. Rapid Cyber Risk Scorecards can be used as part of an ongoing cyber risk management strategy, for cyber risk insurance, and even for the due diligence process during a merger or acquisition. With regular use of these scorecards, companies can work closely and quickly with suppliers and third-party partners to monitor and continuously optimize the cyber security posture of their shared ecosystem. The scorecards are available as-a-service, with volume licenses for large organizations who work with many partners and suppliers.
NormShield will be an exhibitor at the 12th Annual Shared Assessments Third Party Risk Summit, April 10-11 at the Ritz Carlton Pentagon City in Arlington, Va. NormShield Chief Security Officer Bob Maley will also moderate a financial technology panel on Wednesday, April 10 at 4:00 p.m. Eastern Time. To reserve your one-on-one time with a NormShield expert and receive a free, 60-second evaluation of your company’s (or supplier’s) security posture, send an email to [email protected].
NormShield enables enterprises to monitor their external cyber risk posture and perform non-intrusive cyber risk assessments of their suppliers, subsidiaries and target acquisitions. Using easy-to-understand scorecards, including its 60-second Rapid Cyber Risk Scorecard, NormShield provides letter grades on various risk categories, along with data on how to mitigate each risk in priority order. NormShield’s financial services, manufacturing, retail, healthcare, and technology industry customers receive actionable intelligence delivered as-a-service, enabling them to take prioritized preventive measures and evaluate third party risk. For more information, visit www.normshield.com.