SecurityScorecard’s Panel App for Coupa helps procurement teams speed up vendor onboarding, streamline visibility into vendor risk, and decrease risk exposure. Embedding SecurityScorecard Ratings into Coupa empowers companies around the world with the visibility and control they need to make smarter spending decisions and prioritize vendor security assessment.
The integration makes SecurityScorecard’s data available in the Coupa BSM Platform, enabling users to easily understand and measure the cybersecurity posture of any organization.
Procurement professionals can:
Assess Vendor Cybersecurity Posture: View the overall grade, the 10 factor grades of data that comprise a vendor’s SecurityScorecard Security Rating, along with findings associated with each factor.
Evaluate a Vendor’s Historical Performance: With access to 6 months of a vendors’ score history, Coupa users can understand a company’s historical performance.
Prioritize Vendors for Review: Use SecurityScorecard Security Ratings to determine which vendors to prioritize for deeper reviews based on their cybersecurity risk posture.
Establish Required Minimum Scores: Determine baseline SecurityScorecard grades for vendors and then leverage continuous monitoring to ensure vendors stay on track.
Engage Vendors: Invite vendors to join SecurityScorecard for free so that they can improve scores by acting on issue-level remediation guidance.
Why are security ratings important?
Companies with an F SecurityScorecard rating are 7.7x more likely to incur a breach when compared to companies with an A.
SecurityScorecard believes that every organization has a right to their security rating and provides free access to their own Scorecard. Over 15,000 companies are actively engaged with their Scorecard and are following over 500,000 unique companies everyday.
Major analyst firms predict that in the next few years cybersecurity ratings will be as important as credit ratings and become a standard in boardroom conversations.
SecurityScorecards gives you visibility into over 80 issues and findings that stack up against 10 key risk factor groups known to expose companies to breaches for over 1.5 million companies, the largest network of any ratings provider.
According to a 2020 Ponemon Institute study, the average cost of a breach is $3.86 million. Security ratings provide you with instant and continuous visibility into your vendors' cyberhealth, so you can take preventative steps to avoid a breach and potential ramifications.