Latest / Cybersecurity Business with Fexingo: Security Companies, Breaches, and Enterprise Defense
How Companies Use Security Ratings to Vet Third-Party Vendors
In this episode, Lucas and Luna explore the rise of security rating platforms like BitSight and SecurityScorecard, which are replacing traditional vendor questionnaires. They discuss how a typical Fortune 500 company with over 1,300 third-party vendors uses continuous monitoring to assess risk, referencing the Verizon DBIR statistic that one in five breaches traces back to a third party. The hosts examine the methodology behind these ratings, including external scanning and breach data, and consider limitations like false positives. They also touch on how regulatory pressure from SEC rules is…
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