Inclusion of security ratings adds greater depth and relevance to the understanding and management of Third-Party risks
Stockport, UK: 18th June 2019 – DVV Solutions, specialists in Third-Party Risk Management (TPRM), today embarked on a strategic managed service provider relationship with BitSight, the Standard in Security Ratings.
DVV Solutions and BitSight announced a new channel partnership agreement that will enable DVV Solutions to provide BitSight’s Security Ratings Service and add significant value to DVV’s Third-Party Risk Management and continuous monitoring offerings.
By integrating the BitSight Security Ratings Service into its ‘TPRM-as-a-service’ managed service portfolio, DVV Solutions customers will have access to daily security ratings that provide forensic insight, allowing them to more proactively identify, quantify and mitigate risk in their organisation in five key areas:
- Continuous monitoring of an organisation
- Third-Party risk management
- Benchmarking against peers in their market segment
- Industry indices for comparing security performance
- Support compliance regulations
“BitSight is a powerful addition to our existing portfolio and presents a very exciting opportunity for our customers, providing even greater depth and relevance in their understanding of Third-Party risks,” said Sean O’Brien, Managing Director at DVV Solutions.
“We are excited to partner with DVV Solutions as we expand our reach across the UK, Europe and further afield,” said Ewen O’Brien, VP Enterprise Sales, EMEA at BitSight. “DVV Solutions has the market vision, customer relationships and technical expertise to take BitSight forward into new markets and applications.”
Both BitSight and DVV will be in attendance at this week’s Vendor & Third Party Risk Europe event, organised by CeFPro. Sean O’Brien, Managing Director, DVV will discuss how cloud providers can understand where data is stored and pinpoint liability at 13:25 on day one. Ewen O’Brien, VP Enterprise Sales, EMEA at BitSight, will also chair a ‘Tangible Risk Reduction’ session with Lloyds Banking Group at 14:45 on Tuesday 18th June, to discuss how Lloyds has utilised BitSight’s Security Ratings to better manage its cybersecurity and risk.
+44 (0) 1189 497751
About DVV Solutions
Established in 1999, we have become one of the UK’s leading managed service providers in the design, implementation and management of Third-Party risk management solutions. Our suite of consultative and managed services deliver significant improvements in
– developing and maturing current risk methodologies and frameworks,
– scaling resources to supplement and enhance existing risk assessment programs, and
– delivering time and cost efficiencies through established best-practice and workflow automation
to enable risk assurance teams to spend more time on what’s important: eliminating control gaps, raising security standards and reducing overall risk.
Founded in 2011, BitSight transforms how organisations manage cyber risk with trusted, time-tested and actionable security ratings. The BitSight Security Ratings Platform collects vast amounts of data on security issues and applies a sophisticated algorithm to create daily security ratings that range from 250 to 900, in order to help manage their own security performance; mitigate third party risk; underwrite cyber insurance policies; conduct M&A due diligence and assess aggregate risk.
With over 1,700 global customers, including seven of the top 10 cyber insurers, 25% of Fortune 500 companies, and 3 of the top 5 investment banks, and the largest ecosystem of users and information, BitSight is the most widely used Security Ratings Service.