SecurityScorecard’s mission is to make the world a safer place by transforming how organizations understand, mitigate, and communicate cybersecurity risk. The company aims to create a universal language for cyber risk, analogous to financial credit scores, enabling organizations to make smarter and faster business decisions. A primary goal for SecurityScorecard is to empower businesses to proactively manage their security posture and that of their supply chain.
As a global leader in cybersecurity ratings, SecurityScorecard serves thousands of customers, including a majority of the Fortune 1000. The company is recognized as an innovator in the industry, continuously rating millions of organizations and expanding its services to include supply chain detection and response. Its patented rating technology is utilized for various functions, including enterprise risk management, third-party risk monitoring, and cyber insurance underwriting.
Offerings, Capabilities, and Integrations
SecurityScorecard provides a cybersecurity ratings platform that offers a comprehensive view of an organization’s security posture. The company’s core offering is its security ratings, which are derived from externally observable data and provide an easy-to-understand A-F score. This allows organizations to monitor their own security performance, manage third-party risk, report to their board of directors, and facilitate cyber insurance underwriting. SecurityScorecard’s platform is designed to give users an “outside-in” perspective, similar to how a hacker would view their organization. This approach helps to identify vulnerabilities and potential threats before they can be exploited.
A key competitive advantage for SecurityScorecard is its vast data collection and analysis capabilities. The company continuously collects billions of signals each week from a global sensor network and various commercial and open-source feeds. This data is then analyzed using machine learning and AI to attribute risks and generate security ratings. This extensive data-driven approach provides customers with actionable insights to remediate vulnerabilities. Furthermore, SecurityScorecard emphasizes transparency by making its rating methodologies accessible. The company also fosters collaboration by allowing organizations to invite their vendors to the platform to work together on improving security postures.
SecurityScorecard offers a wide range of integrations with other technology partners, which enhances its capabilities and allows for workflow automation. The company has a marketplace with over 100 certified partner integrations, enabling customers to connect SecurityScorecard’s data with their existing security and business tools. These integrations span across various categories, including Third-Party Risk Management (TPRM), IT and Security Operations, and Governance, Risk, and Compliance (GRC) solutions. Key integrations include popular platforms like ServiceNow, Splunk, and Jira. This extensive ecosystem of integrations allows for the automation of tasks such as ticketing for security issues and continuous monitoring of vendor security.
Products and Services
SecurityScorecard’s offerings are centered around its comprehensive security ratings platform, which provides a suite of products and services designed to manage and mitigate cybersecurity risk.
- Security Ratings: This is the flagship product of SecurityScorecard. It provides an easy-to-understand ‘A’ through ‘F’ letter-grade rating of an organization’s cybersecurity posture. The ratings are based on the continuous monitoring of ten risk factor groups, including network security, DNS health, and patching cadence.
- Supply Chain Detection and Response (SCDR): A newer offering, SCDR is a platform that helps organizations detect, prioritize, and remediate vendor risk across their entire supply chain. It aims to move beyond passive monitoring to active remediation of threats within the vendor ecosystem.
- Third-Party Risk Management (TPRM): This solution allows organizations to continuously monitor the security posture of their vendors and partners. It helps in identifying which third parties may pose a risk to their environment.
- Automatic Vendor Detection: This feature helps organizations discover unknown third and Nth-party vendors within their supply chain that could introduce cyber risk.
- Questionnaires & Assessments (Atlas): SecurityScorecard’s Atlas tool streamlines the security questionnaire process by enabling users to send, complete, and auto-validate questionnaires at scale. It leverages the security ratings to help validate the responses.
- Threat Intelligence: The platform provides actionable intelligence on threats targeting specific organizations, industries, and regions. This includes insights into exploited vulnerabilities and emerging threats.
- External Attack Surface Management: This helps organizations to discover and remediate risks associated with their internet-facing IT infrastructure.
- Cyber Insurance Solutions: SecurityScorecard provides data and tools for cyber insurance underwriting, enabling insurers to better assess the risk of potential policyholders.
- Professional Services: SecurityScorecard offers a range of services to complement its platform, including Digital Forensics and Incident Response, Advisory Services, Penetration Testing, Red Team exercises, and Tabletop Exercises.
- MAX: A managed services offering that provides end-to-end supply chain cyber risk management.
Target Customers
SecurityScorecard’s products and services are primarily aimed at business-to-business (B2B) customers across a wide range of industries. The company serves large enterprises, small to medium-sized businesses (SMBs), and government entities. Key decision-makers within these organizations who utilize SecurityScorecard’s platform include Chief Information Security Officers (CISOs), risk managers, and procurement teams.
The platform is designed to benefit any organization that needs to assess and manage cybersecurity risk, both for itself and for its third-party vendors. Specific industries that are prominent users of SecurityScorecard include:
- Financial Services: Banks and other financial institutions use the platform for managing vendor risk and ensuring regulatory compliance.
- Healthcare: Healthcare organizations leverage SecurityScorecard to protect sensitive patient data and manage the cybersecurity of their supply chain.
- Retail and Consumer: These companies use the platform to protect customer data and their brand reputation by managing cyber hygiene across their business ecosystem.
- Cyber Insurance: Insurance providers use SecurityScorecard’s ratings for underwriting and portfolio management.
- Public Sector: Government agencies utilize the platform for regulatory oversight and managing the security of their contractors and suppliers.
- Technology: Tech companies use the platform for self-monitoring and managing the security of their own complex supply chains.
- Manufacturing: This sector uses the platform to secure their production environments and manage risks from a wide range of suppliers.
Cloud Integrations and Marketplaces
SecurityScorecard offers a range of integrations with major cloud providers and maintains a presence on their respective marketplaces.
- Amazon Web Services (AWS): SecurityScorecard is available on the AWS Marketplace, allowing customers to purchase and deploy its solutions with consolidated billing and potential discounts through programs like the Enterprise Discount Program (EDP). The company has an integration called “Buy with AWS,” which simplifies the software procurement process for customers directly from the SecurityScorecard website using their AWS accounts. SecurityScorecard is also an AWS OMNIA partner, providing special discounts to organizations within that network. Furthermore, SecurityScorecard has collaborated with AWS to create a centralized repository to automate and simplify vendor risk assessments, integrating with AWS Audit Manager. An integration is also available to connect a user’s AWS account to SecurityScorecard for monitoring cloud configuration compliance.
- Microsoft Azure: SecurityScorecard’s “Ratings for Microsoft Sentinel” is available on the Azure Marketplace. This integration allows users to bring SecurityScorecard data, including scores and issues, into their Microsoft Sentinel instance for logging and analysis. The integration includes pre-built dashboards within a Sentinel Workbook. It is also possible to connect Microsoft Entra ID (formerly Azure Active Directory) with SecurityScorecard through third-party automation platforms.
- Google Cloud: While a direct integration or a dedicated application on the Google Cloud Marketplace is not explicitly mentioned, SecurityScorecard can be connected with Google Cloud services through third-party workflow automation tools like n8n. This allows for the creation of automated tasks and data transfer between the two platforms. SecurityScorecard also offers a Chrome browser extension that displays the security rating of websites.
Key People
- Chief Executive Officer & Co-Founder: Aleksandr Yampolskiy
- Co-Founder: Sam Kassoumeh
- President, International Sales: Matthew McKenna
- Chief Financial Officer: Eric Larsson
- Chief People Officer: Jeff Alvarez
- Chief Product Officer: Adam Bixler
- Chief Technology Officer: Avesta Hojjati
- General Counsel: Brian Fitzpatrick
- VP, Revenue Marketing: Flora Felisberto
Key Facts
- Headquarters Location: New York, New York.
- Number of Employees: 500-600.
- Annual Revenue: $100 million – $1 billion.
- Parent Company: None.
- Subsidiary Companies: LIFARS.
- Publicly Listed: No.
Analyst Recognition
Multiple analyst groups have recognized SecurityScorecard for its role in the cybersecurity industry.
- Forrester has identified SecurityScorecard as a Leader in its Forrester Wave™ reports on Cybersecurity Risk Ratings Platforms. In the Q2 2024 report, SecurityScorecard received the highest score in the Current Offering category. Forrester also named SecurityScorecard a Leader in its Q1 2021 New Wave™ report for the same category.
- Gartner recognized SecurityScorecard as a Customers’ Choice in its 2021 Peer Insights ‘Voice of the Customer’ report for IT Vendor Risk Management Tools.
Based on the available information, there are no specific analyst recognitions for SecurityScorecard from IDC or Everest Group in their respective comparative evaluation reports.
