Trustwave has launched a first-of-its-kind cyber supply chain assessment solution for enterprises and SMBs in the Pacific region.
The service, called Managed Vendor Risk Assessment (MVRA), gives organisations access to deep, fully scalable cybersecurity vendor assessments formerly prohibitively expensive.
Nick Ellsmore, Head of Consulting Strategy, Trustwave, said: “Part of the reason we built MVRA is our concern for the cyber-resilience of the enterprise space. We are encountering gaps in organisations where vendors are left unassessed because of the perceived cost. MVRA gives organisations the ability to assess a large number of vendors with a consistency of measurement not possible before while still leveraging the expertise of genuine security consultants. For these organisations and the wider community, scalability brings safety.”
Demand for this solution has been driven by organisations increasingly reliant on external vendors for the provision of data processing and storage services, as well as a range of other cloud-based or security-sensitive services.
In addition, recent supply chain breaches discussed extensively in the media, including the SolarWinds Orion breach, have raised awareness of the need to move away from ad hoc vendor assessments or those built solely on technology which frequently miss vulnerabilities or lead to bad commercial outcomes for both parties.
