Markit says it has established a link with BitSight Technologies, the standard in Security Ratings, to enhance its Know Your Third Party (KY3P) platform.
“Cybersecurity remains a top focus for organisations globally,” said Gina Ghent, managing director, head of KY3P at Markit. “Markit continues to innovate and build new services to deliver critical functionality and meet our customers’ needs. Never has it been more important to perform due diligence and continuously, dynamically monitor third parties. The addition of BitSight’s data coupled with our Significant Event Notification and Tracking offers the tools needed to assess risks and take action immediately.”
Said Tom Turner, president and chief operations officer of BitSight: “Markit has deep expertise in all of the financial, operational and regulatory compliance aspects of organisations across the globe. The addition of BitSight Security Ratings to the KY3P platform will offer customers with a full view of their vendors’ cybersecurity ratings. BitSight customers will be able to leverage BitSight Security Ratings from within the KY3P platform to streamline their processes to prioritise and manage risk.”