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Supply Wisdom and SecurityScorecard Join Forces to Enhance Cyber Risk Management

Posted on October 15, 2024October 15, 2024 By Martin Hinton

Supply Wisdom has announced a partnership with SecurityScorecard to enhance third-party risk management. This collaboration integrates Supply Wisdom’s full-stack, real-time risk intelligence platform with SecurityScorecard’s third-party cyber risk management and supply chain detection and response solutions. By offering real-time insights across multiple risk domains, the partnership aims to provide businesses with a comprehensive view of their supply chain and third-party risks.

Supply Wisdom company logo

“Our partnership with SecurityScorecard will give customers deeper insight into additional risk domains to their portfolio for monitoring faster and more simply,” said Tom Thimot, CEO of Supply Wisdom. He emphasized that the collaboration will strengthen organizations’ resilience in managing a rapidly changing vendor ecosystem.

A “holistic view of risk management.”

Key benefits of the partnership include expanded monitoring capabilities for SecurityScorecard customers, who can now access Supply Wisdom’s risk intelligence across financial, operational, environmental, social, and governance (ESG), as well as compliance domains. This integration will streamline risk assessments and improve the accuracy of reports, allowing organizations to proactively address risks across their entire supply chain, particularly in cyber risk management.

SecurityScorecard company logo

“We’re thrilled to partner with Supply Wisdom to deliver a holistic view of risk management to our customers,” said Sachin Bansal, President of SecurityScorecard. “Their solution complements our world-class supply chain detection and response platform, offering continuous monitoring of operational, financial, ESG, and compliance risks.”

The companies will also co-host a webinar on November 19 to discuss strategies for securing supply chains beyond cybersecurity. The partnership marks a significant step in enhancing the effectiveness of third-party risk management programs in today’s evolving business landscape.

Source: Supply Wisdom Announces Partnership with SecurityScorecard to Enhance Third-Party Risk Management Effectiveness.

Other News: SecurityScorecard Report Highlights Escalating Supply Chain Cyber Risks for Global 2000(Opens in a new browser tab).

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Cybersecurity, Supply Chain Cybersecurity And Insurance Tags:cyber insurance, Cyber Risk Management, Cybersecurity, SecurityScorecard, Supply Wisdom

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SMB Cyber Threats - In this episode of the Cyber Insurance News Podcast, host Martin Hinton talks with Dan Candee, CEO of Cork Protection, about the rising tide of cyber threats targeting small and mid-sized businesses (SMBs). Dan shares his journey from Main Street entrepreneur to cybersecurity leader, offering real-world insight into the threat landscape, financial vulnerabilities, and how AI and managed service providers (MSPs) can help fortify business resilience.

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02:27 The Importance of Cybersecurity for Small Businesses
05:29 Understanding Cyber Threats and Their Impact
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