At Craft, we see cyber risk as being on par with credit risk when it comes to what informs company stability and ramifications for business continuity. That’s why we’ve partnered with SecurityScorecard, the global leader in security ratings. The partnership will enhance our abilities to meet the needs of supply chain customers that are looking for a 360-degree view of risk, which includes both cybersecurity and credit risk. It’s a crucial step on our journey toward providing a holistic view of risk that incorporates cyber risk among other vectors.
SecurityScorecard's best-in-class Security Ratings will be integrated into Craft’s enterprise intelligence platform and offer deep insights into the cyber risk associated with any company that our customers are tracking. In addition, SecurityScorecard will be receiving a number of complimentary data sets from Craft that speak to tangential areas of risk, which will be incorporated into the SecurityScorecard platform.
With the recent health and economic struggles, there have been numerous failures across supply chains, which are translating into disruptions and shutdowns for businesses. Moreover, the increased remote environment has pushed companies to move all communication and collaboration to online forums, further elevating the importance of cyber-specific supply chain risk. In essence, a perfect storm for cybercriminal activity has been created with rapid adjustments to otherwise stable business processes.
With over 1.4 million companies rated, SecurityScorecard is the global industry leader in security ratings. SecurityScorecard collects and analyzes global threat signals that allows organizations to have instant visibility into the security posture of vendors and business partners as well as the capability to do a self-assessment of their own security posture. The technology continuously monitors 10 groups of risk factors to instantly deliver an easy-to-understand A-F rating.