Venseca Patent-Pending Process
Typically, Third-Party Risk Management (TPRM) requires significant time and effort to understand the cybersecurity risk posture of all the vendors connected to a given organization’s infrastructure, services and platforms. Venseca bridges that gap by working directly with the vendor community to collect all security-related documentation, questionnaires and internal procedural documentation. Once collected, Venseca leverages a patent-pending process to independently evaluate these companies and their risk profiles.
Once Vendor Risk Assessments and Digital Trust Scores are complete, Venseca makes this information – and much of the supporting documentation – available to organizations through the Venseca Portal. Companies can then review the evaluations individually, or view the combined Digital Trust Score (DTS) for their entire company.The combination of the DTS and the individual Vendor Risk Assessment (VRA) equips companies with the insights they need to not only make informed decisions about possible vendors with which to work, but also provides a simplified set of information to share with their cyber insurance carriers and underwriters. It is this clarity of information that creates more accurate premiums and a better understanding of overall risk.