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3D Vendor Risk @ Scale ℠
NormShield enables enterprises to assess their 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.
We know it’s difficult to find the right solution. So many products, so much techno-babble and so many features.
We thought we’d tell you about what makes NormShield different from the rest.
Instant Risk Assesment
The Rapid Cyber Risk Scorecard evaluates any company’s security posture in 60 seconds. Organizations can generate up to 100,000 scorecards, to measure the risk of your entire supply chain in less than a day Our scorecards are optimized for third-party risk management for supply chain vendors, cyber insurance underwriters and vendor due diligence for M&A activity. For those who need deeper analysis, the comprehensive Cyber Risk Scorecard gives you a more detailed scorecard in just few minutes.
On risk rating, NormShield adopted NIST, FAIR and MITRE (CTSA, CWRAF, CVE, CVSS, CWSS) standards based approach whereas the competitors developed their own proprietary algorithms. As results, customers express more confidence in NormShield findings because they are easy to understand and auditable.
NormShield classifies its findings into FISMA Cyber Security Framework Area and Maturity Level, NIST 800-37 Process Step. This classification allows you to measure the compliance level of the target company for different regulations including NIST 800-53, FISMA, ISO 27001, COBIT and GDPR. NormShield can use the cross-walking capability to calculate the compliance level of a standard based on the input given from another standard.
NormShield provides detailed on information on how hackers can exploit each risk or adversely impact cyber reputation as well as a detailed information on how to mitigate it. NormShield cyber risk scorecard is a complete solution that provides actionable and easy to understand information to business executives while providing detailed technical data and recommendations to information security personnel.
The 3D View
NormShield's vision is to give a 3D risk view of a vendor by providing NormShield Cyber Risk Scorecards (technical), Shared Assessments' SIG Questionnaire
NormShield provides a data source subscription with a Restful API for customers with more advanced needs. With API integration, companies and partners can build risk assessment automation for advanced use cases.
How to Leverage The FAIR Model at Scale For 3rd Party Risk
Join a webinar with our partner Elasticito to learn more about using cyber risk ratings to assess and monitor 3rd parties at scale, including the benefits of NormShield's FAIR report that calculates the probable financial impact if a third-party experiences a breach.