Today, most organizations measure third-party risk by emailing Excel questionnaires to their vendors, having back and forth questions to obtain more information, multiple meetings with the vendors and internal teams, and finally determining a risk rating for the vendor. Additionally, companies have difficulty prioritizing internal security controls to increase security maturity.
Velocity is a cloud risk assessment platform that utilizes known security frameworks and regulations including NIST, CIS, PCI, HIPAA, FFIEC, MITRE ATT&CK, and Velocity’s own breach risk framework. Velocity was developed to solve two security problems affecting most organizations:
- 1. Measuring Third-Party Risk
- 2. Improving Internal Security posture
Velocity makes your team more efficient by handling the lengthy manual work and automatically calculating risk. Velocity combines threat intelligence, questionnaires, audit report analysis, and verifies data for accuracy.
Velocity is using this accurate internal and third-party assessment information to produce valuable exciting new insights for customers. Some of these updated insights will be available to new customers soon.