Assess Third Party Risk

 

When their problem becomes yours

Whether it’s partner organizations for payment processing, or potential acquisition targets, a financial defense team has to always consider the risk of bringing on new third parties. But assessing that risk has, until recently, been based not on facts, but rather interviews combined with cursory scan data.

Even if representatives from potential partners or from merger or acquisition targets are completely honest about their security strengths and weaknesses, they are still only human. They can only divulge what they know. Unfortunately, in today’s world, that’s not enough. Potential acquisitions can cost more in security remediation than they will bring in revenue for years, or worse - joining networks can introduce risk that goes unnoticed, and gives attackers the upper hand.

Scan and deliver

SafeBreach Simulators deploy across cloud, network, and endpoints in minutes, and provide security results within an hour. With very little effort, security teams can work together to deploy simulators outside, and inside the environments of partners and other third parties. Once deployed, these simulators execute real attack methods safely and without business impact, to show where security is working, and where it’s not.

After simulations are complete, a security baseline is established. Since SafeBreach, by design, has no false positives, this baseline can be used before or during negotiation, to help establish a valuation (in the case of mergers or acquisitions) or to determine whether or not to proceed with integration with partners or other third-parties.

SafeBreach has no biases for or against any business. If security results are strong, those findings can be used to bolster a company’s value, or speed the process of integration. If they are weak, then SafeBreach can be used continuously while remediation efforts are underway, to show improvement.

 

 

Put your money where your security is

WIth SafeBreach, third-party security claims can be validated with real data - not supposition or wishful thinking. Security teams can plan staged initiatives to boost security before integration occurs, or can use best practices from highly secure organizations to bolster existing security configuration or controllers.

SafeBreach customers have used findings to both speed acquisitions, and halt integrations, depending on the data found after running the Hacker’s Playbook of simulations in third party environments. Likewise, defenders have been able to assess whether to keep existing tools in place after mergers or acquisition, or to transition over to the existing tools, based on data comparison between companies.