SecurityScorecard Reports Record Quarter, Boosts AI Innovation

SecurityScorecard delivers sturdy development balanced with profitability, together with constructive free money circulate and 40% enchancment in ARR per FTE. Employee eNPS is rising throughout departments, exhibiting regular progress towards our +30 aim for 2025.

SecurityScorecard, the worldwide chief in Supply Chain Detection and Response (SCDR), right now introduced file momentum and a brand new part of development as organizations worldwide undertake its platform to proactively detect, reply to, and mitigate provide chain cyber threat.

SecurityScorecard continues to dominate the aggressive third-party threat administration (TPRM) panorama, driving a number of six-figure aggressive displacements, together with however not restricted to:

• A serious restaurant chain migrated from BitSight to the SecurityScorecard MAX Platform.
• A number one logistics firm ended its Black Kite engagement, signing a multi-year settlement with SecurityScorecard.
• A high healthcare supplier changed Black Kite with SecurityScorecard beneath a multi-year contract because of SecurityScorecard’s unparalleled, standards-based information assortment capabilities.

These decisive wins underscore SecurityScorecard’s place because the clear market chief in TPRM and SCDR, as enterprises more and more select real-time intelligence, automation, and measurable resilience over legacy level options.

“I completely advocate SecurityScorecard,” stated Steve Daknis, Manager of Third Party Risk at Aflac. “I can name them anytime I would like or ship them a word, and so they reply instantly. The assist at SecurityScorecard wins us loads of credibility with distributors as a result of the information is correct.”

Key Highlights of SecurityScorecard’s Momentum:

• Triple-digit development in MAX, the corporate’s flagship SCDR resolution, marks the strongest quarterly efficiency in firm historical past and cements SecurityScorecard’s management in autonomous, real-time provide chain detection and response.
• Leadership in aggressive displacement, with a 70% win charge in identified aggressive alternatives.
• AI-powered automation via the acquisition of HyperComply, remodeling how organizations handle the “buy-side” of safety threat: the method of sending, responding to, and assessing vendor questionnaires. The AI-powered automation and clever Trust Center deliver readability to either side of the equation, giving assessors and assessed organizations a real 360-degree view of their threat posture, proof, and belief.
• Integrated AI copilot capabilities enabling customers to immediately entry, synthesize, and act on safety information throughout questionnaires, insurance policies, and Trust Centers, making each safety alternate sooner, extra correct, and validated.
• Breakthrough innovation with over 50 patents granted or pending, powering a brand new wave of threat-informed prioritization. These embody:
  • Toxic Combinations applies superior analytics to disclose the place a number of threat components converge, highlighting distributors with the very best chance of compromise.
  • Beyond Susceptibility to Ransomware, with enlargement into real-time provide chain resilience, incident response readiness, breach and ransomware susceptibility indicators, and steady threat intelligence.
• AI-Powered enhancements and new options:
  • ChatSSC: Delivers quick, insightful solutions and suggestions about your scorecard and vendor safety info.
  • Smart Answer AI: Saves groups time whereas sustaining management by leveraging previous questionnaire responses, alerts, and paperwork to generate responses you’ll be able to overview at each step.
  • MAX ROI Dashboard: See at a look how impactful your managed TPRM program is and the way it impacts your provide chain threat and vendor safety.
  • AI Document Analysis: Analyze all of your distributors’ paperwork directly to see the gaps and dive deep.
  • Vendor Context Workflow: Streamlined workflows make it simpler so as to add new vendor metadata to scorecards, turning into your system of file, leading to extra correct threat assessments.
  • Improved Data Collection: Adaptive brokers scan dark-web chatter to ship extra well timed, dependable details about breaches and vulnerabilities.
  • Accessibility and Internationalization: SecurityScorecard is now obtainable in additional languages, with native assist added for Japanese. Global groups can now totally leverage SSC’s characteristic set.
• Strategic funding in management expertise to drive the following stage of scale, together with Peter Jantzen, Chief Revenue Officer, previously with RSA Security; Chris Fritz, Chief Financial Officer, previously with Tenable; and Claire Trimble, Chief Marketing Officer, previously with Synack.
• STRIKE Intelligence Team is fueled by 2.28 TB of each day risk intelligence information ingested, 227 million occasions, and 118,000 new vulnerabilities found every single day. The STRIKE Team is redefining international cyber intelligence, analyzing over 83 billion occasions yearly to reveal threats preemptively and attribute greater than 870,000 breaches with forensic precision.
• Powering international cyber insurance coverage underwriting and brokering, enabling brokers to type nearer, extra precious consumer relationships and underwriters to provide sooner, extra correct quotes as a part of an increasing partnership ecosystem.

“SecurityScorecard’s unmatched information functionality and management staff’s cybersecurity DNA set us aside. We’ve advanced far past scores. We’re delivering the intelligence and MAX options that allow enterprises to safe their whole provide chain ecosystem,” stated Dr. Aleksandr Yampolskiy, CEO and Co-founder of SecurityScorecard.

As the one unified platform that constantly assesses, detects, and responds to cyber threat throughout international provide chains, SecurityScorecard continues to set the usual for resilience and belief within the digital financial system.

The put up SecurityScorecard Reports Record Quarter, Boosts AI Innovation first appeared on AI-Tech Park.