Security ratings specialist SecurityScorecard has partnered with IHS Markit an information, analytics and solutions provider to tackle cyber risk. The partnership will ensure that a combination of each company’s offerings can be delivered via integrated solutions, aimed at providing customers with a 360-degree view of cyber risk.
SecurityScorecard will integrate its cybersecurity ratings and other relevant cyber insights into IHS Markit’s KY3P (Know Your Third Party) platform. This will enable customers to make informed risk decisions faster. KY3P is an integrated suite of solutions to manage end-to-end third-party risk, which includes onboarding and oversight, due diligence, inherent risk calculation, oversight and offboarding of third-party products, services and outsourcing arrangements.
“This partnership will bring significant benefits to customers of both SecurityScorecard and IHS Markit, especially those in highly regulated industries such as financial services,” said Aleksandr Yampolskiy, CEO and co-founder of SecurityScorecard.
“We look forward to working with IHS Markit to ensure all organisations have a holistic view of the cybersecurity posture of their vendors and themselves through SecurityScorecard’s best-in-class ratings.”
In addition to the KY3P integration, SecurityScorecard customers will be able to gain further insights into internal risks associated with their third parties by purchasing IHS Markit’s assessment products through the SecurityScorecard platform.
The two organisations have also entered into a commercial arrangement that gives IHS Markit the ability to resell SecurityScorecard’s suite of products and services to the IHS Markit customer base.
“IHS Markit continues to invest in strategic partnerships with global leaders in their respective industries, and we are excited to continue that with SecurityScorecard,” said Richard Blore, CEO and managing director of KY3P at IHS Markit.
“SecurityScorecard’s cybersecurity ratings expand the risk coverage provided by our industry leading end-to-end third-party risk management suite of solutions. We are thrilled to partner with them to add even more value to KY3P for our customers.”
SecurityScorecard, IHS Markit, Partnered, Risk Management, Insurance, Reinsurance, Cyber risk, Aleksandr Yampolskiy, North America