Vendorly, a vendor oversight platform for financial institutions, recently announced an agreement with BitSight. Vendorly is now an authorized reseller of BitSight Security Ratings.
In a release, Vendorly stated that "global organizations are increasingly facing significant cyber risk management challenges. To help proactively mitigate risk, organizations need automated tools to measure and monitor the security performance of vendors."
“For many organizations, cybersecurity and threat assessments continue to be an esoteric concept,” said Jim Vaca, Senior Vice President, Vendorly. “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.”
“We are thrilled to work alongside Vendorly to help financial institutions address critical cyber risk challenges,” said Matt Cherian, Vice President of Strategic Partnerships, BitSight. “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.”