10 Essential Steps to NYDFS Compliance
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Failing to adequately screen suppliers’ security can lead to data breaches, which can shut down operations, damage customer trust and incur hefty regulatory penalties. For these reasons, third-party security must be comprehensive, efficient and scalable.
Panorays’ security assessments consider regulations and standards that your suppliers must adhere to like GDPR and NIST, your organization’s internal security policies and the business and technology relationship that you have with your supplier. With this customized approach, you know that your suppliers’ security ratings are relevant to your organization.
With Panorays’ bottom-line Cyber Risk Rating, you can find out at a glance whether to do business with a supplier or not. It considers responses to an automated security questionnaire, a comprehensive assessment of the supplier’s attack surface and business impact. In addition, Panorays provides reports to your board, continues to monitor your suppliers and alerts you of any changes to cyber posture.
Panorays’ automated technology provides an overview of your suppliers’ cyber posture immediately, and questionnaire response time typically takes eight days. Panorays also makes it easy for you to interact with your suppliers and quickly resolve any issues without spreadsheets, email or phone calls. By lessening the amount of time spent on security assessments, you can confidently scale your business.
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