Manage your Supplier Risk.
Sign up for instant access to a free trial.
Professional email address to activate trial
The Challenge
Without a risk-based approach to managing suppliers, your organization is vulnerable to all of the risks that are associated with your supplier. It is difficult enough to manage risks for your own organization, so how can your team manage risks for another organization as well?
Supplier risks include cybersecurity, compliance, physical security, reputational, financial, operational, strategic, and more. A process that includes all of these areas is challenging to create, costing a lot of resources and there is still no automation, meaning the process takes up employee time and leaves room for inaccuracies.
Pain points include selecting quality and relevant frameworks, collecting data, analyzing data, setting remedial tasks, following up on progress, creating reports, and more.
The Impact
A vulnerability for a supplier is a vulnerability for any organization that has partnered with them as well because the supplier plays a crucial role in the organization’s business processes, as well as access to organizational secrets and private data.
If a supplier experiences a data breach, all of their partners are at risk of having stolen data and it’s the partners who are responsible for that data. This affects the company and its customers, resulting in severe financial losses due to fines, compensation, loss of business from downtime and reputational damage, potential ransomware, and more.
Companies are responsible for performing due diligence on suppliers and are responsible for data that customers give to them, making it difficult to prove that you weren’t negligent unless you have a thorough risk management platform that stores reports detailing all efforts.
Achieve your Supplier Management Goals with RiskWatch
Third-Party Data
RiskWatch partners with third-party data companies to give accurate risk scoring per facility, based not only on your security assessment but also on crime data for the surrounding area as well. Data registers and third-party data providers can be used to populate new assessments with standard sets of data and determine the likelihood of an incident objectively.
Partners include Cap Index, Security Gauge, and World Aware.
Increase visibility and transparency with facilities, enabling more insightful decisions.
Communicate the status of facility security to business stakeholders using a unique security risk rating for each facility.
Automated Analysis
RiskWatch software streamlines the assessment process, using our intelligent analysis methodology to collect all relevant security data and highlighting any security gaps. Automated analysis aims to improve security positioning without the need to manually compare site data and risk scoring prioritizes projects, allowing you to manage security without getting stuck in the weeds.
Automatically rank sites by risk to prioritize mitigation.
Understand security at a glance with real-time dashboard analytics.
80% time savings when assessments were conducted using previous assessments performed in SecureWatch and compared to a manual assessment process.
Automated Reporting
RiskWatch enables customers to standardize and automate reporting functions directly within the platform. Several report templates are included by default, with the added option to create custom templates. Templates can be saved to meet data and visual preferences. With the correct templates saved, generate any report with a single click.
Save an average of 16 hours per report
View robust data from multiple sources within a single place.
Increase transparency with any data available in any format, on demand.
Product Overview
An Intelligent Physical Security Risk Assessment Platform
SecureWatch is a state of the art security and risk assessment platform that can be utilized for facility compliance and security risk assessments. Reduce exposure to liability, manage risk, monitor and maintain security, and track continuous improvement.
An Information Security Risk Management Platform
CyberWatch is a modern assessment solution that can be utilized by various industries for cyber security and compliance risk assessments. The software enables you to reduce exposure to liability, manage risk, monitor and maintain cyber security, and track continuous improvement.
A Compliance Assessment and Management Platform
ComplianceWatch is a compliance audit and management platform that can be utilized by various industries for measuring compliance to any regulation, standard, or policy. Reduce exposure to liability, maintain public credibility, ensure adherence to best practices, track policy compliance, and track continuous improvement.
A Supplier Security Risk Assessment Platform
SupplierWatch is a security risk assessment and management platform that can be utilized to reduce exposure to liability, manage third-party risk, monitor and manage your supply chain, ensure high business continuity, and track continuous improvement. Use it to identify, eliminate, and prevent problems in your suppliers processes, management, or products.
A Vendor Security Risk Assessment Platform
VendorWatch is a security risk assessment and management platform that can be utilized for identifying security gaps and risks with vendors and addressing them. Reduce exposure to liability, manage third-party risk, and monitor and rank vendors. Keep track of a vendor’s compliance efforts to ensure expectations are being met. Archive contracts, manage compliance evaluations, manage contract reviews, and rate vendors objectively.
Reduce exposure to liability. Manage risk. Monitor and maintain security.
Track continuous improvement. Sign up for instant access to a free trial.
Professional email address to activate trial
