Press Release

Supply Wisdom and NormShield Partner to Enhance Cybersecurity Coverage

Written by Supply Wisdom Team

Supply Wisdom Norm Shield Partnership

Eliminates the Need for Multiple Risk Assessment Subscriptions


ARLINGTON, VA, April 10, 2019 – A new partnership between Supply Wisdom, the industry leading continuous risk monitoring solution, and NormShield, the only provider of standards-based cyber risk assessment and mitigation tools, will provide global enterprises with comprehensive risk coverage to eliminate the need for subscriptions with multiple risk intelligence vendors.

Since 2010, global enterprises have used Supply Wisdom for continuous third-party risk intelligence, real-time risk monitoring, in-depth risk assessments, and health scorecardsĀ to minimize the risks of disruption facing their business and third parties including real-time alerts of negative news and cyber breaches. Partnering with NormShield equips Supply Wisdom with expanded coverage of cyber to include cyber attack susceptibility.Ā 

Third party risk is no longer the exclusive domain of business continuity, risk management, vendor, and governance. Chief Information Officer (CIO) and Chief Information Security Officer (CISO) offices play a significant role in managing and monitoring third party risk arising from data security, privacy, and compliance issues. The partnership between Supply Wisdom and NormShield recognizes this shift and equips CIOs and CISOs with real-time risk alerts as well as comprehensive Cyber Risk Scorecards of their third parties, while continuing coverage of other third-party risks: financial, client, people, governance, regulatory, compliance, solutions maturity and security.

ā€œWe are thrilled to partner with NormShield to expand the cyber monitoring capabilities of Supply Wisdom,ā€ Atul Vashistha, Supply Wisdom CEO. ā€œWe believe that data and information security related risks from third parties that own, access, store, manage, or process data pose enormous regulatory, legal, and financial implications for enterprises. Supply Wisdom now enables CIOs to also quickly assess the cyber susceptibility security posture of their third parties, compliance against industry standards, and institute corrective action.ā€

ā€œBusinesses need a comprehensive external cyber risk assessment of their company to include all suppliers and trusted third parties,ā€ said Mohamoud Jibrell, CEO of NormShield. ā€œWe are excited to provide Supply Wisdom’s clients with both a clear picture of their external cyber risks and recommendations that can enable suppliers and third parties to address those vulnerabilities.ā€

About Supply WisdomĀ 

About Supply WisdomĀ  Supply Wisdom is transforming the supply chain and third-party risk management space globally. Supply Wisdom solutions automate risk management for enterprises and deliver continuous third-party and location risk intelligence, risk monitoring and risk actions across the widest risk aperture to minimize the risks of disruption facing their business, supply chains and third parties. For more information, visitĀ www.supplywisdom.comĀ and follow us on https://www.linkedin.com/company/supplywisdom.

 

About NormShield

NormShield enables enterprises to monitor their externalĀ cyber risk postureĀ and perform nonintrusive cyber risk assessments of their suppliers, subsidiaries and target acquisitions. Using easy-to-understand scorecards, including our 60-second Rapid Cyber RiskĀ Scorecard,Ā we provide standards-based letter grades on various risk categories, along with data on how to mitigate each risk in priority order.

Media Contact:

John Bree
Senior Vice President
Supply Wisdom
john@supplywisdom.com
Phone: +1.617.830.1664

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