Blogpost

Digital Handshakes For Risk Management: Building Trust With Auditive

Transforming Third-Party Risk Management With Auditive

Organizations can showcase their risk and security practices proactively in several ways to build trust and confidence with stakeholders. Risk Profiles empower vendors to share and detail an organization’s risk, security and compliance practices at various levels of detail depending on a partner’s or prospective customer’s needs and level of engagement. Risk Summaries are public-facing webpages which bring forward a risk summary of your company’s commitment to healthy risk, security, and compliance practices. 

Risk Profiles and their Risk Summaries are becoming standard signifiers of trust. Showcasing the Standardized Information Gathering (SIG) Questionnaire within these profiles and summaries is also becoming standard. Used together, Risk Profiles, Risk Summaries and the SIG embody the “Trust but verify” ethos Shared Assessments has long embodied.

This summer, we are pleased to offer our Members and Subscribers Free Risk Profiles and Risk Summaries via our newest Shared Assessments Marketplace partner Auditive! 

Shared Assessments Risk Summary Initiative 

Our Members and Subscribers all play a critical role in advancing the SIG, our shared standard. Shared Assessments Members and Subscribers using the 2024 SIG Questionnaire for self-assessment of their organization’s security posture can receive a Free Risk Profile and Risk Summary on the Auditive network. 

Auditive will build a Risk Profile and Risk Summary of Member/Subscriber organizations’ risk and compliance frameworks including the SIG. With this support, you can proactively demonstrate your risk posture to stay ahead of questionnaires and get a jump start on building out your organizations’ controls and responses to client requirements.

Shared Assessments Members and Subscribers also receive 20% off all Auditive Vendor Management Products. Auditive Vendor Manager empowers businesses to invite their vendors to the platform to manage and continuously monitor their vendor risk.

Members and Subscribers: Login and navigate to our Member Portal or to the Marketplace to click through to the Shared Assessments/Auditive offer.

Not yet a Shared Assessments Member or Subscriber? Our team can introduce you to the many benefits of membership, including the Auditive offer on the Marketplace.

Who is Auditive? 

Auditive’s mission is to redefine third-party risk management. Auditive is a risk network that is leveraging the latest in Artificial Intelligence (AI) to empower businesses to complete third-party risk assessments confidently and efficiently, enabling sales teams to close deals faster. At the same time, prospects are equipped with the security information they need to seamlessly and continuously monitor the risk across their portfolio of vendors. Auditive combines sophisticated technology with a modern, intuitive UI to redefine how vendor risk management is done.

What Are Risk Profiles? 

A Risk Profile is a vital tool for fostering transparency and building trust. By offering clear and accessible information about your data protection policies, user rights, and security features, you empower your clients to make informed decisions and feel confident in their partnership with you. In an era where cybersecurity threats are ever-present, your Profile underscores the importance of robust security practices and regulatory compliance, demonstrating your dedication to safeguarding user data and upholding the trust your customers place in you. Explore Auditive.io’s Risk Profiles today and discover the power of proactively building trust. 

What Are Risk Summaries?

A Risk Summary is a public-facing page, providing a summary of your security posture designed to build trust and credibility with potential customers, investors, and partners. It is readily accessible and has a strong focus on compliance, security, and credibility. It highlights your company’s commitment to security practices and data privacy. 

A Risk Summary serves as a marketing tool to showcase your company’s security strengths, reputation, and reliability. It aims to convert visitors into paying customers or partners by addressing potential concerns and building confidence. 

Customers are more likely to do business with a company they trust. A Risk Summary can showcase security badges (including our 2024 SIG Badge indicating you have and use the most recent SIG!) and industry certifications, which will assure visitors that their information and business are protected. 

A well-crafted Risk Summary goes beyond just security. It can tell the story of a company, its mission, and its values. This allows visitors to connect with the brand on a more personal level and feel confident that the company aligns with their own beliefs (or their organization’s beliefs). 

How Are Risk Summaries and Risk Profiles Different?

Feature Risk Profile Risk Summary
Audience Internal (Security Teams, Partners) External (Customers, Investors)
Accessibility Not Publicly Available Publicly Available on Company Website
Focus Technical Security Posture Building Trust and Credibility
Content Assets, Vulnerabilities, Threats, Controls Security Practices, Certifications, Reviews 
Purpose Risk Management Tool Marketing and Transparency Tool

 

While a Risk Summary might indicate an organization uses the SIG with its vendors and to evaluate its own risk management practices, a Risk Profile might include a completed SIG Lite or Core to demonstrate the organization’s security posture to a prospective customer.

Begin Your Trust Transformation

Risk Profiles and Risk Summaries act as a firm digital handshake with your organization’s prospective customers. They provide partners with the information they need to feel comfortable interacting with your organization, whether it’s making a purchase, subscribing to a service, or sharing their sensitive data. 

Auditive can create a  Risk Summary and Risk Profile for your organization that showcases your security and risk management practices. Auditive will walk you through building and populating these tools including SIG content and can guide you in posting this information on your website. Try it today – take a big step toward trust with proactive risk management. 

Sharing your security documentation can turn Risk Management from the “Department of No” into the “Department of Go”!  Deflect security questionnaires; embrace Trust Packages and Risk Summaries. Auditive and Shared Assessments are here for your Trust Transformation.