Third Party Risk Management - Consultancy, Assessment & Advisory

BitSight Security Ratings

Gain the confidence to make faster, more strategic cyber risk management decisions with the resources you have today.

The Problem

The expansion of the extended enterprise has reached a tipping point, fueled by cloud-based technology and outsourcing. In parallel, third-party data breaches are at an all-time high. There is a growing awareness that third-party cyber risk must be managed.

Gartner estimates that by 2020, 75% of Fortune Global 500 companies will treat vendor risk management as a Board-level initiative to mitigate brand and reputation risk.

Current approaches to managing third-party cyber risk  are helpful but only provide a brief snapshot. To proactively mitigate risk, organisations need automated tools that continuously measure and monitor the security performance of vendors.

The Solution

BitSight for Third-Party Risk Management immediately exposes cyber risk within your supply chain, helping focus your resources, and work alongside you and your vendors to achieve significant and measurable cyber risk reduction.

BitSight gives you insight into the riskiest issues impacting your vendors, backed by data that correlates to potential security incidents and context from the most engaged community of risk and security professionals.

With BitSight, you can quickly launch, grow, or optimise a third-party risk management program with the resources you have today.

Proven Business Value

  • Visibility

See where the cyber risk is to avoid “blind spots” across your vendors and vendor lifecycle to align with your organisation’s cyber risk tolerance.

  • Prioritisation

Target your resources at the vendors who have the highest level of cyber risk.

  • Speed

Make cyber risk decisions at the speed of the business using objective, verifiable data to significantly reduce the time it takes to complete assessments.

  • Collaboration

Team up with your vendors and BitSight to quickly and collectively reduce cyber risk by sharing BitSight Security Ratings with critical third parties.

  • Uncover Single Points of Failure

BitSight pinpoints connections to any service provider, enabling teams to understand the number of critical vendors in their supply chain that depend on a common set of service providers.

  • Quickly Identify Fourth Party Connections

Instantly see the service providers used by any company, enabling your business to make more informed partnership decisions around the security posture of these providers and their connected domains.

  • Leverage Dynamic Filters

Search by type of cloud service provider and uncover which of your business partners use each service, or select key partners and find the service providers they use.

  • Continuously Monitor Changes

As your vendor ecosystem changes, BitSight identifies new connections to service providers. Actively monitoring these connections empowers teams to manage new risks and stay ahead of emerging threats stemming from service providers with weak security programs.

With BitSight teams can instantly see the service providers (e.g. Cloud Delivery Networks, Email Services, Domain Name Servers, etc.) used by any of their critical third parties.

Given the evolution of today’s risk landscape, insight into these types of fourth party connections is becoming important, but organisations may not be doing enough to mitigate the risk.

A recent survey by PwC found that 45 percent of respondents rely on third parties to monitor their subcontractors, without requiring additional verification of results. The same report found another 6 percent have no visibility into how subcontractors are monitored.

Organisations use BitSight to assess the security posture of fourth party service providers to drive business decisions.

CIOs, CISOs, VPs, and senior managers use this solution to gain an additional view of potential single points of failure in their supply chain.

As a Managed Service Partner (MSP) of BitSight technologies, DVV Solutions are able to seamlessly incorporate Cyber Security ratings into your Third-Party risk management program – from initial scoring and ranking of potential third-parties through to continuous monitoring and ongoing risk assessment


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Why choose us?

We are specialists in Third Party Risk Management with over 18 years of experience in Cyber Security and Governance, Risk & Compliance
We are a Shared Assessments program member and recognised Assessment Firm with CTPRP-certified IT Security Assurance Consultants.
We are focused on delivering a Third Party Risk Management program that secures your data supply chain and enhances your IT security posture.