MAX Services Implementation for Cyber Risk Management

This case study details the implementation of MAX, SecurityScorecard's managed services, by a global technology provider to enhance its third-party risk management program. The organization faced challenges in managing high-risk suppliers, necessitating comprehensive cybersecurity assessments and continuous monitoring. The adoption of MAX allowed the customer to optimize resource allocation by outsourcing routine vendor assessments, enabling the internal risk management team to focus on more complex IT risk management projects. The MAX services include incident likelihood assessments and a 24x7 Vendor Risk Operations Center (VROC) that analyzes signals and alerts the customer to significant breach indicators. The engagement with SecurityScorecard not only improved compliance with standards like SOC 2 but also facilitated direct vendor engagement, ensuring effective communication and rapid remediation of identified security gaps. Overall, the implementation of MAX services has led to enhanced operational efficiency and a stronger security posture for the organization.