Vendor Risk Management (VRM)

Highlights

Procurement departments can quickly select vendors they're evaluating or actively use, and Privacy Bee VRM will begin our monitoring. We evaluate the businesses for EDP risk, the most common attack vector used to compromise vendors. We then report simple Privacy Risk Scores on each company, highlighting their risk at a glance. Rich analytics further break vendors down by department, risk tier, and more, with all thresholds fully customizable. While most vendor risk software stops at the report, Privacy Bee VRM keeps going, offering to working with all your 3rd party vendors 1-on-1 to decrease their vulnerabilities, effectively de-risking your company at no cost to you.

• Decrease your company's cyber risk (for free) - with Privacy Bee VRM, you can effectively map out privacy exposures and vulnerabilities across all your vendors through a powerful and easy-to-use platform. Then go further with guided remediation and personalized support, completely free to your organization, as many vendors will choose to become Privacy Bee clients along their journey to decrease their privacy risks.
• Setup in minutes, then gain powerful insights at a glance - you're busy, so we've aggressively simplified VRM. Setup your vendors in a few clicks, then monitor the dashboard at a glance. No complicated query languages or overwhelming configs, just plug in and go. In fact, instead of reading all this, you could have been done and using it by now.
• Never stop monitoring - instead of a transactional scan, Privacy Bee VRM continues to monitor the vendors for any changes, recomputing their Privacy Risk Score daily. Then with alerts on major changes, you can rest easy knowing a major piece of your supply chain risk is now being effectively managed, hardening your company's defenses.
• Privacy Risk Assessment (PRA) - Easily require vendors to complete an annual Privacy Risk Assessment, consisting of about 75 relevant risk assessing questions, with answers influencing their company's Privacy Risk Score. And the PRA is universal, so the vendor only needs to complete it one time for all their clients. Additionally, you can request access to see the their answers, all through our platform, 100% for free. Privacy Bee's PRA complies with select legislative requirements.

Description

Procurement departments and sourcing teams are always looking for better visibility into vendor risks. Existing 3rd party vendor risk platforms are still valuable, but dated. Privacy is emerging as the future of business and no other VRM tracks the External Data Privacy of your vendors like Privacy Bee. Our real-time scans analyze the company, their employees, attack vectors commonly exploited by bad actors, and any other privacy-centric path that attackers might use to compromise their organization, and in turn, you.

The majority of Data Breaches are not caused by an attacker targeting you directly, but rather by targeting your vendors, who often have less sophisticated defenses. If a PII-infused spear phishing attack breaches their defenses, compromising their company, the attacker will often leverage the trusted relationship to now target your company. For example, a follow-up social engineering attack against your employees, from within your vendor's email accounts or phone system, is extremely difficult to defend against. Some of the biggest companies in the world have been breached as a direct result of their vendors having poor or unmanaged External Data Privacy.

Procurement departments and sourcing teams are always looking for better visibility into vendor risks. Existing 3rd party vendor risk platforms are still valuable, but dated. Privacy is emerging as the future of business and no other VRM tracks the External Data Privacy of your vendors like Privacy Bee. Our real-time scans analyze the company, their employees, attack vectors commonly exploited by bad actors, and any other privacy-centric path that attackers might use to compromise their organization, and in turn, you.

Then after the vendor is active, Privacy Bee continues to monitor their risk score 24/7/365 and we will notify you of any major change, such as a data breach, influx of high-risk contractors, or any other alarming event. We will even work with the vendors on your behalf, guiding them on ways to improve their privacy practices and effectively de-risk your organization via a safer supply chain. And we offer this service completely free to you, as many of those vendors will eventually become Privacy Bee clients in their journey to decrease their attack surface and privacy risk. All companies need privacy.