Enables Risk Assessments in Minutes, not Months, and Identifies High-Risk Vendors with 500% Greater Accuracy.
AI’s digital transformation promise is a step closer to being fully realized with VISO TRUST’s major update to its AI-driven third-party risk management (TPRM) platform.
First conceived in 2016 by and for CISOs and risk professionals and patented in 2017, VISO TRUST is used by many of the largest and most mature companies. It now contains more than 2.4 million companies in the vendor database, recognizes more than 25 security frameworks, and leverages hundreds of different types of source artifacts.
The VISO TRUST platform now lets organizations complete complex vendor assessments and identify high-risk vendors at a pace and precision level otherwise unknown, and that offers substantially greater market agility. New features include:
- Rapid Risk Analysis: Vendor risk analysis is produced in minutes versus the weeks and months that are now industry standard. This accelerated insight lets organizations make timely, informed decisions with 5x more relevant findings than are typically found with manual and alternative automated approaches.
- Infinite Potential Risk Network Ecosystem: The VISO TRUST Risk Network fosters collaboration and information sharing among organizations, strengthening collective security and resilience across growing third and Nth party relationships.
- Expansion of New Controls Detection: VISO TRUST’s “Risk Dimensions” extends coverage across various risk areas, including AI trust, cyber insurance, resilience, privacy, relevant regulatory compliance and product security, providing a comprehensive view of vulnerabilities. This next-level visibility empowers organizations to proactively identify and mitigate risks across a wide spectrum of security domains.
- Expansion of Artifact Intelligence: VISO TRUST’s platform leverages generative AI to enable unprecedented use cases, seamlessly translating security control information between questionnaires and diverse source artifacts and evidence.
- Cumulative Impacts: The impacts of these technological advancements are staggering. Organizations can now achieve a reduction in third-party security risk exceeding 95%, spend less than 5 minutes to assess a vendor, and are 5 times more likely to identify high-risk vendors, setting a new industry standard for security, risk management and compliance teams and leaders.
Enrique Salem, Partner with Bain Capital Ventures, said: “VISO TRUST’s continued innovation represents a quantum leap in third-party risk management. The ability to harness AI for synthesizing information from diverse sources into actionable insights is a game-changer for third-party and cyber risk.”
The mass migration of data onto third and Nth party SaaS, PaaS, and IaaS platforms now puts sensitive data at unprecedented risk. A platform that ingests TPRM data from a broad universe of sources with extreme accuracy, speed and ease of operation is emerging as an urgent need. VISO TRUST’s platform fully and elegantly addresses this crucial market gap with near real-time vendor risk analysis, which dramatically lowers risk assessment costs and sharply improves the accuracy of cyber threat detection.
Paul Valente, CEO of VISO TRUST, emphasized the transformative impact of the technology, stating, “VISO TRUST’s AI-driven breakthrough heralds a paradigm shift that will redefine third-party risk management effectiveness. By translating complex security information into actionable insights sourced from diverse artifacts and evidence, we empower organizations to make informed decisions with unparalleled precision and timeliness.”
Artifact Intelligence, VISO TRUST’s patented AI-driven TPRM process, seamlessly translates security control information. It is backed by an exceptional assurance and risk modeling accuracy rate exceeding 98%. It derives information from an extensive range of public and private sources, including policies, standards, trust portals, trust reports (such as SOC, ISO, and PCI reports), penetration test reports, and automated compliance platforms.
Customer Experiences
Prominent organizations have used and embraced VISO TRUST’s innovative platform and offer their feedback:
- Patti Degnan, CISO at Notion: “VISO TRUST’s AI-powered TPRM solution enabled our security team to complete more third-party assessments with greater accuracy and elevated our security posture.”
- Mark Sutton, Managing Director & CISO at Bain Capital: “VISO TRUST’s technical innovation has substantially reduced the uncertainty in our third-party risk assessments, enabling data-driven decisions and operational efficiency.”
- James Nelson, VP of Information Security at Illumio: “VISO TRUST has enabled us to bring the security staff time per relationship down from more than 8 hours to only 30 minutes—for us, that’s gold.”
Valente noted that VISO TRUST customers report a 95 percent reduction in third-party security risk compared to traditional TPRM approaches. “Vendor assessments are completed within five minutes compared to weeks or months, and we’re seeing a 500 percent increase in identifying high-risk vendors. The consistency, speed and sophistication with which attackers now reach through third parties to attack their primary targets demands an entirely new class of cyber risk analysis. VISO TRUST fills this need completely.”
A self-guided interactive demo of VISO’s AI platform and free AI cyber risk assessment are available.
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