SecurityScorecard, the global leader in security ratings, announced today a partnership with Craft, the enterprise intelligence provider, to integrate data from both SecurityScorecard and Craft into their respective offerings. This will enhance their abilities to meet the needs of supply chain customers that are looking for a 360-degree view of risk, which includes both cybersecurity and credit risk.
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The partnership will integrate SecurityScorecard’s best-in-class Security Ratings into Craft’s enterprise intelligence platform, offering deep insights into the cyber risk associated with any company that Craft’s customers are tracking. In addition, SecurityScorecard will be receiving a number of complimentary data sets from Craft that speak to tangential areas of risk, which will be incorporated into the SecurityScorecard platform.
“Craft sees cyber risk as being on par with credit risk when it comes to matters of company stability and ramifications for business continuity. Through the partnership with SecurityScorecard, we look forward to further enhancing the value of the enterprise intelligence we provide,” said Ilya Levtov, founder and CEO of Craft. “This partnership is a crucial step on our journey toward providing a holistic view of risk that incorporates cyber risk among other vectors. We look forward to delivering SecurityScorecard’s best-in-class offering to our customers.”
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Both companies see this partnership and the enhancement to their respective supply chain offerings as timely given the increased focus on the security of the supply chain. With the recent health and economic struggles, there have been numerous failures across supply chains, which are translating into disruptions and shutdowns for businesses. Moreover, the increased remote environment has pushed companies to move all communication and collaboration to online forums, further elevating the importance of cyber-specific supply chain risk. In essence, a perfect storm for cybercriminal activity has been created with rapid adjustments to otherwise stable business processes.
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