HERNDON, Va. -- Cybertrust®, the global information security specialist, today announced the launch of its Partner Security Program, a comprehensive solution for organizations to manage the compliance of their extended enterprise. The program will enable Cybertrust customers to identify and significantly reduce risks that result from opening up their networks and systems to partners, customers and other vendors that may not be compliant with an individual organizations security requirements.
A recent Cybertrust study found that nearly three quarters of organizations worldwide feel that business partners increase their levels of information security risk, and approximately one third of respondents reported that their organizations had suffered a security incident involving business partners within the previous year. However, organizations conducting some form of business partner security assessments experienced a more than three-fold reduction in the likelihood of security incidents.
Cybertrust Partner Security Program was developed to help customers understand and manage the risks of doing business as an extended enterprise through a repeatable and scalable process that controls costs and minimizes the level of effort. Partner Security Program provides customers with a single comprehensive view into the status of all internal business units, external business partners and other entities performing compliance validation activities via a Web-based dashboard. In addition, customers can document and demonstrate to customers, partners, auditors and regulators that they have performed effective due diligence on third parties.
Cybertrust Partner Security Program fills a unique place in the market by helping to address business risks inherent with the extended enterprise, said Sandra Palumbo, senior analyst, Yankee Group. The first formal offering of its kind, Partner Security Program allows businesses to address ongoing risk and compliance challenges with partner networks in a manageable, highly scalable way. As compliance regulations continue to proliferate, it is important for organizations to embrace a formal process around partner security, and to hold their partners and vendors accountable to meeting the standard and reducing risk overall.
"As a Fortune 500 company, Fiserv takes seriously the security and integrity of its interactions externally with customers and trading partners, as well as internally between its many business units," said Bob Wilcox, chief information security officer of Fiserv, a $4 billion provider of information management systems and services to the financial and health benefits industries. "We look forward to working with Cybertrust to further enhance our security posture."