Achieve and maintain an acceptable level of loss exposure, and clearly convey the breadth of risk factors across your organization.
NormShield rates third-party risks and assigns a letter grade to each vendor, correlates findings with industry standards to inform compliance requirements, and quantifies probable financial impact to communicate risks in business terms
Perform non-intrusive, 60-second cyber risk assessments of any third party. Get scorecards with easy to understand letter-grades and drill down into technical details in each risk category.
Correlate findings to industry standards and best practices. Measure any third party's compliance with regulations like NIST 800-53, ISO27001, PCI-DSS, HIPAA, GDPR and Shared Assessments.
Use the FAIR model to calculate the probable financial impact if a cyber event were to occur at a third party in order to cost-effectively achieve and maintain an acceptable level of loss exposure.
“Every dollar spent on cyber risk management is a dollar that can’t be spent growing the business or addressing other organization imperatives. Consequently, cost-effective cyber risk management — knowing what matters most, and getting the best bang for your risk management buck — is a necessary cornerstone of organization success.”
Jack Jones, Chief Risk Scientist for RiskLens