Over 100 Customers, Within 1 Week of Launch, are Benefiting from SAFE’s Risk-Based Approach Enabling Them to Identify Their Most Riskiest Vendors and What to do About Them

SAFE, a leader in Cyber Risk Management, announced its new third-party risk module (TPRM) with over 100 customers live on the platform. SAFE TPRM is the latest addition to the SAFE One platform that takes a risk-based approach using outside-in questionnaire, and inside-out telemetry to quantify risk in a defensible manner using industry standards like FAIR™ and MITRE™ ATT&CK, all within the SAFE One platform.

SAFE uses Gen AI to transform third party cyber risk management, empowering CISOs with real-time risk insights, automated assessments, and prioritized actions across all their third parties. The SAFE platform also makes the CISOs accountable for their security controls using Zero-trust principles.

“The cybersecurity industry is flush with TPRM platforms that simply do not work,” said Saket Modi, Co-Founder & CEO of SAFE. “TRPM has plagued CISOs and Boards alike for the past few decades with a cost prohibitive approach that yields questionable results that are not actionable. We are committed to drastically improving Third-Party Risk Management while reducing costs by replacing Bitsight and SecurityScorecard everywhere.”

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“I have spoken to 100’s of CISOs who are frustrated with their existing third-party risk vendors,” said Saket Bajoria, Chief Product Officer at SAFE. “In my research, we’ve identified five key requirements for Third-Party Risk Management solutions described below that are now part of our SAFE third-party cyber risk module.”

SAFE TPRM provides:

  1. A risk-based approach that quantifies third-party cyber risk in financial terms and enables organizations to tier their vendors based on the potential loss to the business (loss magnitude and loss likelihood)
  2. Prioritized risk mitigation actions based on potential financial loss and likelihood
  3. Integrated Risk Management Platform that supports outside-in, questionnaire, inside-out, Zero-trust and first-party risk
  4. Automation using Gen AI to reduce weeks of work into minutes
  5. Defensible as it is built on open industry standards (FAIR™, FAIR-MAM, FAIR-CAM, FAIR-TAM, MITRE™ ATT&CK)

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Buyout Special Offer:

  • 50% OFF current security rating contracts, subscription transfers from SecurityScorecard, Bitsight, Upguard, RiskRecon, and other similar vendors
  • Receive SAFE TPRM at half the cost for the first year, or for recent renewals, SAFE will cover the remaining months of the contract
  • Bonus = no limit to vendors; add as many third-party vendors as needed

To learn more, visit the SAFE booth at RSAC in the South Hall #355 at the Moscone Center in San Francisco, CA, and at the Gartner Security and Risk Management Summit booth #413 at the National Harbor in D.C.

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