SSIC Launches X-Analytics Supply Chain Enabling Effective Management of Third-Party Cyber Risks
Break through innovation delivers crucial financial exposure insights transforming legacy vendor risk management practices
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Built as part of the patented and industry leading X-Analytics cyber risk decisioning application, X-Analytics Supply Chain transforms today’s ineffective cyber risk management approach to third-party vendor risk management by:
- Prioritizing risk management activities to suppliers most likely to cause financial impact to the business,
- Delivering improved efficiencies by assessing vendors faster, eliminating upfront supplier interactions and reducing assessment timelines by more than 60%,
- Enabling effective cross functional communication of third-party risk exposure, and
- Establishing cyber resiliency through risk-based collaboration across supply chain ecosystems.
“Recent, high-profile cyber-attacks continue to remind us of the significant risk enterprises take on when engaging in third-party relationships. They also highlight the need for a more effective way to manage the potential financial impact due to supply chain cyber risks,” said
X-Analytics Supply Chain leverages advancements made by its flagship X-Analytics cyber risk decisioning application, which is used within the insurance industry to underwrite and broker billions of dollars of cyber risk financial exposure, in the boardroom community to provide effective oversight of cyber risk, and in Fortune 500 companies seeking to better manage the financial impacts of today’s complex cyber-attacks.
“Effectively managing supply chain cyber risk is essential to support modern enterprise cyber risk initiatives,” said
X-Analytics Supply Chain is available now. Existing X-Analytics Enterprise customers can add Supply Chain to their current environment as a simple upgrade. To learn more about X-Analytics Supply Chain and to schedule an introductory briefing, go to www.x-analytics.com.
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