Automate Third-Party Risk Management with TITAN AI by SecurityScorecard
Security Firms Automate Third-Party Risk Management with Artificial Intelligence
In a significant development in the field of cybersecurity, SecurityScorecard has unveiled TITAN AI, a cutting-edge platform designed to automate third-party risk management.
Automated Third-Party Risk Management
By harnessing the power of artificial intelligence, TITAN AI replaces manual processes with continuous, AI-driven intelligence, providing a robust solution tailored to the complexities of modern risk landscapes.
“SecurityScorecard has revolutionized the way organizations understand and address cyber hygiene,” said Dr. Aleksandr Yampolskiy, CEO of SecurityScorecard. “With TITAN AI, we’re taking it a step further by transforming traditional TPRM programs into more scalable and resilient systems.”
The conventional method of managing vendor risk often involves tedious tasks such as chasing vendors, managing spreadsheets, and manually reviewing assessments.
- Chasing vendors
- Managing spreadsheets
However, TITAN AI aims to alleviate this burden by automating up to 95% of these tasks.
Organizations utilizing TITAN AI can expect to identify and address third-party risks more efficiently, thereby reducing the likelihood of supply-chain breaches by up to 75%.
Moreover, TITAN AI facilitates quicker vendor engagement, enabling vendors to respond promptly and resolve issues before they escalate, resulting in a 9x increase in vendor responsiveness.
TITAN AI Offerings
TITAN AI consists of three distinct offerings that cater to various organizational needs:
- TITAN Watch: Provides continuous visibility into the third-party risk landscape, offering a comprehensive understanding of vendors’ profiles, risk exposure, and areas for improvement.
- TITAN Assess: Employs intelligent automation to streamline questionnaire processes, prioritize risks, and optimize vendor workflows, reducing manual efforts by over 90%.
- TITAN Secure: Integrates real-time threat intelligence into risk triage and automates response workflows, enabling organizations to proactively address potential threats.
To support the adoption of TITAN AI, SecurityScorecard has developed the Supply Chain Resilience Journey, a customer maturity model that helps organizations evaluate their current TPRM capabilities and chart a path for improvement.
Supply Chain Resilience Journey
This framework recognizes four distinct stages:
- Basic Diligence
- Periodic TPRM
- Continuous TPRM
- Threat-Informed TPRM
By acknowledging the unique needs of each organization, SecurityScorecard offers tailored guidance and support to facilitate growth and advancement.