59% of companies have experienced a third-party breach.
2018 Data Risk in the Third-Party Ecosystem: Third Annual Study
Cost of a Data Breach
Data Breaches can be expensive, to your reputation, to your bottom line, to your compliance profile, to the value of your company. So you do everything you can and should do to secure your data. But 50% of data breaches happen because of circumstances beyond your control – because of errors and omissions made by others – those you do business with, people and businesses who provide valuable products and services that you rely on to succeed in your own business. How can you be certain that those you rely on to do business aren’t introducing vulnerabilities that will cost you?
26%
Reputational
damage
23%
Financial
reporting errors
23%
Regulatory
non-compliance
21%
Breach of
sensitive data
10%
Lost
business
Deloitte survey respondents, damages by third parties.
It takes an average of 197 days to identify a data breach and an average of 70 days to contain it.
2018 Data Risk in the Third-Party Ecosystem: Third Annual Study
Fortress Reduces the Cost of Security & Compliance
Third-party risk management should be simple.
but sometimes it’s not 🡪
Fortress Brings Simplicity with Comprehensive Risk Management
AUTOMATED INHERENT RISK RANKING
It is important to know which vendors are critical enough to your business to justify spending precious resources on assessments. Automated risk ranking evaluates a vendor’s likely (1) data access, (2) physical access, (3) global footprint, (4) cloud and distributed offerings, (5) reputation-related services and (6) financial health risks.
CONTINUOUS CYBER RISK MONITORING
The externally-visible (i.e., on the web) cyber posture of your vendors is a very good leading indicator of internal cyber hygiene. Fortress Guardian cyber risk monitoring evaluates hundreds of data points summarized into (1) application security, (2) application vulnerabilities, (3) domain name server configuration, (4) secure protocol configuration and certificates, (5) known breaches, (6) dark web activity and (7) compromised assets.
CONTINUOUS OPERATIONAL RISK MONITORING
The third-party risk industry has fragmented solutions for monitoring other, non-cyber risks. Fortress Guardian’s continuous operational risk monitoring includes (1) negative news, social media & sentiment analysis, (2) anti-bribery & anti-money-laundering, (3) legal, (4) financial, (5) safety/OSHA and (6) regulatory & compliance issues.
ANALYTICS, WORKFLOW AND INTEGRATIONS
Fortress believes in connected intelligence and self-service data discovery and has infused rich, industry-leading business intelligence. Workflow is also equipped out of the box to give you real-time updates on assessments and asset information you have requested. Fortress Platform also integrates with all leading GRC, procurement and contract management systems.
Fortress covers 40,000 vendors and 300,000 assets
The Fortress Platform
Fortress Platform is a combination of technology, analytics and services (TAS) that provides seamless integrations to enable advanced threat scenarios and program governance. Value is unlocked from existing tools with machine learning and deep analytics driving prioritization.
Fortress Platform provides the following benefits. Click on each to learn more.
Visibility & Simplicity
FP gives you visibility through a single pane of glass, removing the need for disparate technologies that may not be compatible.
Machine Learning & Human Intelligence
FP uses both machine learning-enabled analytics and human intelligence to drive actionable insights. The objective methods used to aggregate and synthesize data provide greater dependability and reduce reliance on the subjectivity inherent in manual data collection and evaluation.
Blockchain Technology
FP utilizes patented technologies including the validation of the integrity of unique file hashes and public key cryptography using a blockchain distributed ledger – to ensure end-to-end software integrity, transactional assurance and security of cyber-physical assets.
Objective, Reliable & Proactive
FP is enabled by a NERC-onboarded Fortress VSOC team to support machine learning and to provide visibility and also recommendations and tracking for remediation, mitigation, and risk outcomes.
Automated Risk Calculations
FP allows calculation of Risk based on Consequences (Business Impact and Technical Impact) and Likelihood. This includes consideration of threat indicators and implemented controls.
Data Ingestion & Analytics Reporting
Fortress ingests data from multiple sources such as these:
- Open Source threat intelligence from our client community
- Fortress threat analysis is driven by our Virtual Security Operations Center (VSOC), which supports existing critical infrastructure companies
- Other curated threat intelligence
Fortress Secures 10% of the Power Grid and Key Assets
Fortress TPRM Resources
PRESS RELEASE – NiSource Joins the Asset to Vendor Network in Push to Secure U.S. Utilities
Press Release NiSource Joins the Asset to Vendor Network in Push to Secure U.S. Utilities Orlando, FL, November 17, 2020 - NiSource, one of America’s largest fully-regulated natural gas and electric utilities has joined the Asset to Vendor Network (A2V), a national...
PRESS RELEASE – Hitachi ABB Power Grids joins effort to protect power utilities from cyber threats
Press Release Hitachi abb power grids joins effort to protect power utilities from cyber threats Global leader and pioneer in power technologies will share cybersecurity information with utilities through the Fortress Asset to Vendor Network Raleigh, North...
PRESS RELEASE – Fortress Information Security Adds New Partner In Securing U.S. Power Grid
Press Release Fortress Information Security Adds New Partner In Securing U.S. Power Grid Orlando, FL, June 1, 2020 – The Asset to Vendor Network for Power Utilities (A2V) today announced the group’s first new partner. Founded by Fortress Information Security...
Fortress Accelerates Your Security and Compliance
300% faster
program maturity
100% more vendor coverage in the same time period
40 days to
implement
40% effort
reduction
FORTRESS IN THE NEWS
What to watch for cybersecurity in Biden’s first 100 days
As new fallout and revelations emerge from the massive SolarWinds hacking campaign that hit multiple U.S. agencies, a barrage of other online threats is likely to challenge President Biden's pledge to boost cybersecurity.
Biden suspends Trump order on bulk power system security pending 90-day review
An executive order signed by President Joe Biden last week included the 90-day suspension of an order issued by his predecessor aimed at fortifying the nation's bulk power system against malicious cyberattacks by foreign adversaries.
Critical Infrastructure Left in the Dark About SolarWinds Hack
U.S. officials and cybersecurity experts believe the SolarWinds attackers were elite operatives carrying out a Russian espionage operation targeting the American government and entities close to it. Yet, nearly a month after we first learned of the...
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