Zurich Taps SecurityScorecard for Third Party Risk Evaluation, Monitoring

Zurich has retained SecurityScorecard, a security-risk benchmarking company, to monitor its third-party cyber security risks by maximizing the security intelligence and continuous risk-collection capabilities found in the SecurityScorecard platform.

SecurityScorecard’s security risk benchmarking platform will allow Zurich to conduct a deep, accurate and thorough assessment of immediate and emerging threats to the IT systems of its partners and vendors. The service monitors hundreds of risk indicators – as categorized in 10 security categories captured in a graded scorecard dashboard– allowing Zurich to identify partner security issues and prevent the impact from third party ecosystem breaches. With the new visibility discovered in the platform, Zurich expects to gain efficiencies in remediation and partner collaboration.

SecurityScorecard allows organizations to benchmark the security of any partner, competitor, supplier, vendor, any third party or company— without requiring permission. Compare any company’s security performance against other organizations within the same industry in real time. The platform is self-service so it is business ready and a technically-sound security risk benchmarking platform. The proprietary foundation of the platform is the ThreatMarket data engine that collects 30 million daily security risk signals from the entire Internet.

SecurityScorecard was founded in 2013 by two former Chief Information Security Officers, Dr. Aleksandr Yampolskiy and Sam Kassoumeh. SecurityScorecard is made up of security researchers, cryptographers, data scientists, and software engineers. The company is privately held with headquarters in New York. Security Scorecard investors include Sequoia Capital, Evolution Equity Partners, Boldstart Ventures, and others.