SecurityScorecard Announces AI-Based Third-Party IT Risk Management Automation Platform 'TITAN AI'

SecurityScorecard announced TITAN AI, an AI-based third-party IT risk management (TPRM) platform. According to the company, TITAN AI combines third-party risk management tasks that had previously been handled separately into a single platform and a single workflow-based management method, and supports a connected workflow across the entire third-party risk management process. It is also designed to link the previously separate tasks with continuous intelligence, AI-based automation, and threat-based risk remediation.

TITAN AI supports vendor onboarding, risk assessment, continuous monitoring, risk remediation, and reporting. It also connects TITAN Watch, TITAN Assess, and TITAN Secure to support continuous monitoring of changes in the vendor environment and to support the necessary assessment process. It is further structured to support follow-up remediation, creating a continuous flow from monitoring to assessment to risk remediation.

Through this connected functionality, processes are linked without moving between separate systems and without manual work. With TITAN AI, SecurityScorecard said it has introduced a platform that allows third-party IT risk management workflows, which had been handled as separate steps, to be operated as a single connected workflow.

Previously, vendor risk ratings, security scores, and business-related information were stored separately, and verification had to be done across different systems. As a result, staff had to move between multiple tools in the early stages of vendor registration and risk assessment. TITAN AI handles vendor registration and initial risk scoping through a single connected flow, with functions that verify corporate information in a single submission process, check security scores, and set vendor risk ratings.

Staff can use existing templates, create new security questionnaires, and send the completed questionnaires to vendors. A review agent is responsible for consistently reviewing submitted responses. This helps reduce the burden of checking all responses and attachments, allowing staff to focus on responses that require actual judgment. It also simplifies the vendor questionnaire participation process by providing password-free access links.

SecurityScorecard said this structure helps increase the number of assessments handled per staff member, shorten assessment periods, and improve vendor response rates.

Woo Cheong-ha, country manager at SecurityScorecard, said that in third-party risk management, there are separate operating and integration processes for multiple tools, which can create information gaps within that structure, and that risks could also be missed in those gaps. He added that TITAN AI connects vendor onboarding, assessment, continuous monitoring, risk remediation, and reporting into a single workflow, helping manage more vendors with limited staff and allowing security teams to focus on tasks that require judgment and decision-making.

Source: TECHWORLD · Lee Gwang-jae
Original: https://www.epnc.co.kr/news/articleView.html?idxno=407806

References

• https://www.epnc.co.kr/news/articleView.html?idxno=407806