Our organization relies on numerous SaaS services for critical business functions, such as CRM and monitoring solutions. In a hypothetical scenario where a security breach occurs in the CRM database, potentially exposing our data and our clients, SecurityScorecard proves invaluable. It provides a security score, typically a percentage, based on extensive data collection from various sources, including the dark web and social networks. Let's say our CRM solution receives a security score of 78%, indicating a relatively safe status according to the information gathered by SecurityScorecard. One of its most effective features for risk identification is its enterprise-ready automation for third-party risk measurements. Additionally, it provides valuable insights into vulnerabilities within an organization, utilizing tools such as CVE details. For instance, it can assign a score based on vulnerabilities detected, such as 60%, and specify each vulnerability by its identifier. It offers scalability and can handle large volumes of real-time data. The continuous monitoring feature significantly enhances the ability to manage risks by providing real-time data collection on suppliers. We can observe fluctuations in their security levels over time, sometimes even every month. We can create alerts for high-risk situations, enabling organizations to respond promptly to potential security threats or vulnerabilities identified within their supplier network. The product's security ratings are helpful. While there may be occasional false positives, it does not function as a scanning solution. Instead, it presents the same information that hackers could potentially exploit. While I haven't worked with other cybersecurity rating solutions, I can attest to its strengths based on my experience. One notable advantage is their extensive data collection capabilities, surpassing many competitors in the market. They gather a wide range of information, resulting in a vast database that includes many suppliers or companies. It is easy to integrate with other tools. I rate it a nine out of ten.
