What do credit ratings, SecurityScorecard, and ServiceNow Vendor Risk Management have in common?
Everyone is familiar with credit ratings. When you attempt to buy a car or a house, the first thing the bank checks is your how well you’re managing your money. The higher your credit score, the more likely you are to get a loan. SecurityScorecard does the same thing — only it measures how well businesses are managing their cybersecurity posture and calculates a letter-grade security rating. Why is this important? Companies with a C, D, or F security rating are 5.4 times more likely to be breached or face compliance penalties than companies with an A or B rating.
ServiceNow and SecurityScorecard Tackle Vendor Risk
We’re excited to announce that SecurityScorecard now offers an integration with ServiceNow Vendor Risk Management, providing a comprehensive view of vendor security performance. A wealth of valuable data, collected from millions of signals and sensors across the internet, allow you to fine-tune vendor tiering to more accurately reflect the true risk posed by your business partners. ServiceNow vendor tiers dictate the type and frequency of risk assessments. Now, when a vendor’s SecurityScorecard security risk rating degrades, ServiceNow automated workflows can immediately push and mandate a new vendor assessment. Continuously monitoring the cyber health of business partners in this way helps you protect your enterprise and improve security posture across your third-party ecosystem.
When viewing SecurityScorecard security ratings within ServiceNow, vendor risk managers can:
- Instantly link to vendor scorecards to assess cybersecurity posture
- Receive alerts when vendor scores degrade
- Gain deeper insights by viewing overall grades and scores across 10 key risk factors
- Use SecurityScorecard ratings to prioritize vendors for deeper reviews
- Establish required minimum grades for vendors to maintain
- Validate assessment responses with SecurityScorecard data
- Invite vendors to join SecurityScorecard for free, act on issue-level remediation guidance, and improve their scores
Multiple factors in SecurityScorecard determine a letter grade security rating, which feeds new Security Score fields and related lists in GRC
For customers with existing ServiceNow licenses, SecurityScorecard offers both a free trial and a fully licensed version for a fee on the ServiceNow Store.
Watch this VRM video and visit SecurityScorecard to learn more.
Learn more about ServiceNow GRC at www.servicenow.com/grc.
