Home > News > featured news > SecurityScorecard Revamps Its Cybersecurity Risk Management Product Amidst Global Shift to Remote Work

SecurityScorecard Revamps Its Cybersecurity Risk Management Product Amidst Global Shift to Remote Work

SecurityScorecard | June 03, 2020

SecurityScorecard , announced new capabilities in its best-in-class product suite. These updates enable security and risk teams at any organization to collaborate faster and smarter.
Our solution brings unique and actionable data and analytics to customers so that they can become cyber resilient in less time and with more confidence.
This provides a transparent view of what cybersecurity issues have been remediated, with visibility into what has been requested and resolved by their third parties.

SecurityScorecard, the global leader in security ratings, announced today new capabilities in its best-in-class product suite. These updates enable security and risk teams at any organization to collaborate faster and smarter amidst a massive global shift to remote work. SecurityScorecard is proud to empower organizations worldwide to combat cyber risks. Our solution brings unique and actionable data and analytics to customers so that they can become cyber resilient in less time and with more confidence," said Sam Kassoumeh, COO and co-founder of SecurityScorecard. Companies that use SecurityScorecard to engage their supply chain see a quantifiable improvement in their ecosystem security posture, which is now more important than ever.

SecurityScorecard's revamped cybersecurity risk management product suite includes more than 25 unique, new capabilities. These include. Invited Company Experience: Organizations gain the ability to easily improve their score, access to time-saving automations and educational materials that give prescriptive tips on how to collaborate effectively with their third parties.Audit Log: This provides a transparent view of what cybersecurity issues have been remediated, with visibility into what has been requested and resolved by their third parties.Rule Builder: Organizations can now create rules to automatically detect and act on any changes to their score to proactively identify their biggest areas of risk.

SecurityScorecard is proud to empower organizations worldwide to combat cyber risks. Our solution brings unique and actionable data and analytics to customers so that they can become cyber resilient in less time and with more confidence.

~ Sam Kassoumeh, Founder SecurityScorecard .

Custom Questionnaire Creator: With over 20 industry standard questionnaires and the ability to edit and customize any questionnaire, customers can now assess and survey any organization in the world against any framework -- and gain unique SecurityScorecard insights to streamline the assessment process .Summarize Risk Findings on Atlas: SecurityScorecard's leading questionnaire and evidence exchange platform, Atlas, now features the ability for organizations to add notes, findings, and remediation plans. The importance of collaborating on cybersecurity is paramount as workforces shift to remote work, expanding the perimeter beyond what many companies are equipped to handle. Many organizations are depending on their security teams to protect against cyber attacks that pose a major risk to their business operations.

SecurityScorecard's leading questionnaire and evidence exchange platform, Atlas, now features the ability for organizations to add notes, findings, and remediation plans,The importance of collaborating on cybersecurity is paramount as workforces shift to remote work .

According to a study from McKinsey, 32% of CISOs are looking for more collaborative tools, guides, training, and operating norms that will help secure their organizations. Companies that engage with their SecurityScorecard rating can reap significant benefits. Organizations that are invited to the platform with a security grade of 'C' of below typically exhibit an average of 7 to 8 point improvement. Many newly invited companies have noted that SecurityScorecard has increased their visibility into their risk environment and empowered their teams to remediate issues that were previously overlooked. With over 1.4 million companies rated, SecurityScorecard is the global industry leader in security ratings. SecurityScorecard collects and analyzes global threat signals that allows organizations to have instant visibility into the security posture of vendors and business partners as well as the capability to do a self-assessment of their own security posture.

The technology continuously monitors 10 groups of risk factors to instantly deliver an easy-to-understand A-F rating. SecurityScorecard is the global leader in cybersecurity ratings and the only service with over a million companies continuously rated. Founded in 2013 by security and risk experts Dr. Aleksandr Yampolskiy and Sam Kassoumeh, SecurityScorecard's patented rating technology is used by over 1,000 organizations for enterprise risk management, third-party risk management, board reporting, due diligence, and cyber insurance underwriting. SecurityScorecard continues to make the world a safer place by transforming the way companies understand, improve and communicate cybersecurity risk to their boards, employees and vendors.

Spotlight

HOW TO CREATE A BETTER RETAIL CUSTOMER EXPERIENCE

The Juniper Mist AI Platform is revolutionizing retail business networking. By delivering unrivaled automation and insights, the Juniper Mist AI Platform saves time and money while boosting IT productivity and providing the greatest digital experience to your customers. With Juniper’s patented enterprise-grade Wi-Fi, Bluetooth L

More featured news

Spotlight

HOW TO CREATE A BETTER RETAIL CUSTOMER EXPERIENCE

Related News

DATA SECURITY, PLATFORM SECURITY, SOFTWARE SECURITY

1Password Announce Launch of Unlock with Single Sign-On for Enterprise Customers

1Password | March 09, 2023

1Password, the frontrunner in human-centric security and privacy, recently announced the launch of Unlock with Single Sign-On (SSO). Now, enterprise customers can unlock their 1Password accounts using Okta with Duo and Azure AD to follow in the coming months. With deeper integrations into existing IT workflows, Unlock with SSO enables IT teams to improve their security posture while minimizing the everyday difficulties and stress associated with employee logins. Steve Won, Chief Product Officer at 1Password, said, "Securing employees at scale is no small task. At 1Password, we believe that the foundation of enterprise security is secure employees, and we're driven by the principle that the safe thing must be easy by default." He added, "SSO plays a central role in enterprise security. Unlock with SSO was designed with a trusted device model, so that even if a user's identity provider credentials are compromised, 1Password ensures attackers won't be able to access customers' vault." (Source – Cision PR Newswrie) In a Total Economic Impact (TEI) study commissioned and published by 1Password, Forrester Consulting revealed that a composite organization comprised of companies with experience using 1Password experienced a 206% return on investment (ROI) and a benefit of $1.3 million over three years. Unlock with SSO enhances employee and IT efficiency and productivity, where the return on investment is most evident. Unlock with SSO is intended to integrate with existing workflows and assist organizations in securing their employees across any authentication process of their choosing. Fully integrated solutions, such as 1Password, consolidate authentication in a single location to complete the security architecture of a company. About 1Password Founded in 2005, 1Password is the market leader in human-centric security and privacy to keep people safe at work and at home. Its solution is designed from the ground up to enable everyone, regardless of their degree of technical expertise, to traverse the digital world without fear or difficulty. 1Password safeguards the most sensitive data of millions of individuals and families worldwide, enabling consumers and companies to accomplish more in less time – with security and privacy as a guarantee. The company's award-winning credentials management security technology is reshaping the face of authentication and is trusted by over 100,000 organizations, including IBM, Slack, Shopify, Snowflake, and Under Armour.

DATA SECURITY, ENTERPRISE SECURITY, SOFTWARE SECURITY

CyberArk Workforce Password Management to Provide Advanced Protection

CyberArk | March 15, 2023

On March 14, 2023, CyberArk, the world leader in Identity Security, announced advancements to Workforce Password Management. The cloud-based business password management solution from CyberArk allows businesses to capture, store, and manage password-based apps and other secrets in a secure manner. Added features offer administrators with increased flexibility and power to minimize risk and enhance security for web-based applications. Workforce Password Management is developed for business environments and offers the privacy, availability and security organizations require, including support for current corporate directories and passwordless authentication controls, unlike personal password managers. Some of the new things are: Application Access Controls Based on Usernames Support for CAPTCHA-Enabled Web Apps Enhanced Reporting for User-Added Applications CyberArk Secure Web Sessions and Workforce Password Management can be used together to further fortify access to critical systems. With the newest release, Secure Web Sessions provides an additional layer of defense called Session Control. Session Control enables administrators to define notification and enforcement rules for specific text fields in business applications that are accessed with credentials stored in Workforce Password Management. For example, administrators can set up a rule to stop users from transferring more than pre-set threshold within their corporate banking applications and notify the IT security team of the attempt. Gil Rapaport, General Manager, Access Management at CyberArk, said, “Traditional password managers typically lack controls and functionalities that enterprises need to secure end-user credentials, which are constantly targeted by attackers.” He added, “Password management must be dynamic to evolve with attacker innovation. We are continuously investing in new features and functionalities for Workforce Password Management to deliver greater usability, security and control for all users within an organization – from developers and business users to IT administrators.” (Source – Business Wire) About CyberArk Founded in Newton, MA, CyberArk is the worldwide leader in identity security solutions. The company is the most comprehensive security solution for any identity, machine or human, across business apps, remote employees, hybrid cloud workloads, and the complete DevOps lifecycle, thanks to its emphasis on privileged access management. The world’s largest organizations entrust CyberArk to help secure their most vital assets.

DATA SECURITY,PLATFORM SECURITY,SOFTWARE SECURITY

Cloudflare Announces New Suite of Email Security and Data Protection Solutions

Cloudflare | January 12, 2023

On 11 Jan 2023, Cloudflare, Inc., a leading cybersecurity solutions provider focused on building a better internet, announced multiple new Zero Trust email security tools, compatible with any email provider. The solution prevents sensitive data exfiltration via email, guard employees against multichannel phishing attacks, and help businesses simplify and accelerate deployments. Cloudflare offers organizations simple and reliable phishing and malware protection that is deeply incorporated with its Zero Trust platform, helping organizations secure all their data and applications. “You can’t have a complete Zero Trust solution without securing email, given that a huge proportion of all cyberattacks begin with phishing,” stated the Co-Founder and CEO of Cloudflare, Matthew Prince. “In 2022, Cloudflare Area 1 identified and kept almost 2.3 billion unwanted messages out of customer inboxes. Today we’re filling a void in the marketplace that has been underinvested in for the last ten years, with the first set of deeply integrated solutions that bring together Cloudflare Area 1 email security and our Zero Trust platform,” he added. (Source: Businesswire) Email is one of the most pervasive and exploited tools used by businesses daily. According to the FBI’s most recent Internet Crime Report, email account compromise and business email compromise led to U.S. companies losing nearly US$ 2.4 billion. In addition, email is one of the most complex tools for businesses to secure, involving a massive drain on IT team resources, multiple vendors, and complex deployments. Cloudflare’s Zero Trust SASE platform will allow customers to deploy email security and data protection tools that are comprehensively linked with their current security stack and compatible with any email service provider. Cloudflare One offers a comprehensive Zero Trust SASE platform that is built into Cloudflare’s global network, which spans over 275 cities in over 100 countries. This deeply embedded approach makes it easy to set up in just a few clicks without switching email providers. With Cloudflare Area 1’s new solutions, companies can automatically isolate questionable email attachments and links, identify and prevent data leaks, and rapidly onboard new Microsoft 365 domains. About Cloudflare Headquartered in San Francisco, California, Cloudflare safeguards and speed up any Internet-based application without installing software, adding hardware, or modifying a single line of code. As a result, the company’s clients experience significant improvement in performance and a reduction in spam and other attacks. Founded in 2009, the organization ranks amongst the 50 most innovative companies worldwide by Fast Company, is acknowledged by the World Economic Forum as a Technology Pioneer, and has been named the Most Innovative Network & Internet Technology Company for two consecutive years by the Wall Street Journal.