The Fortress Approach to Risk Management

In the modern digital landscape, managing a vendor ecosystem, product security, and compliance risks is increasingly complex and critical. Fortress’ AI Monitoring addresses these challenges head-on with a differentiated approach that is comprehensive, collaborative, and conclusive. This post will delve into Fortress’ approach and highlight how AI Monitoring is positioned as an unparalleled solution in risk management.

Comprehensive

AI Monitoring provides continuous coverage of comprehensive risks within the vendor ecosystem and products, ensuring we review aspects of risk often overlooked. This approach includes thorough examination and analysis of cyber threats, third-party vulnerabilities, and compliance issues. By offering holistic visibility into the risk landscape, AI Monitoring enables organizations to proactively identify, assess, and mitigate a wide array of security challenges, thereby enhancing overall resilience and security posture.

Key Capabilities:

• Continuous Monitoring: Constantly scanning and assessing third-party environments and products for potential risks.
• Broad Risk Coverage: Covering cyber risks, third-party risks, and compliance risks, providing a comprehensive view of the security landscape.
• Detailed Risk Assessments: Offering in-depth analysis and insights into the current risk status, enabling proactive risk management.

Benefits:

• Holistic Visibility: Gaining a complete understanding of the third-party risk landscape, including hidden or emerging threats. This includes insights derived from a range of sources, ensuring a deeper understanding of the security environment.
• Advanced Integration: Seamlessly integrating with existing tools for procurement, third-party risk management, and cyber scanners. This integration ensures that users can immediately access results tailored to your environment without the need for additional data input. Additionally, our platform's standard API allows for easy integration of results back into other systems.
• Contextual Understanding: Uniquely linking vendors, their products, and how these products are utilized within the organization’s environment. This includes understanding the networks, business processes, cyber assets, and access levels associated with each vendor.
• Behind-the-Scenes Insights: Leveraging data from open-source intelligence (OSINT) and private databases to provide insights that go beyond typical cyber scans. This enables a deeper look into a company’s security culture and practices, offering more comprehensive protection against potential threats.
• Wide Range Risk Mitigation: Detecting and addressing various types of risks helps create a robust defense mechanism.

Collaborative

AI Monitoring is built into the Fortress Platform for seamless communication and cooperation among internal teams and external vendors to ensure efficient risk resolution and a centralized platform for issue tracking and resolution. Collaboration is further enhanced by its inclusion within the Asset to Vendor Network (A2V) which is an established community of buyers and suppliers in the energy sector for resolving vendor risks and the North American Energy Software Assurance Database (NAESAD) for resolving software risks.

By enhancing coordination and enabling swift, informed decision-making, AI Monitoring helps streamline the processes for addressing and mitigating risks, ultimately fostering a more secure and resilient vendor ecosystem.

Key Capabilities:

• Fortress Data Exchanges: NAESAD and A2V integrations enable the sharing of real-time data and insights across all stakeholders.
• Fortress Platform: Serving as a central hub for communication, issue tracking, and remediation workflows.
• Remediation Services (optional): Acting as a liaison between end users and vendors to fix critical issues when risks arise in third-party ecosystems or products.

Benefits:

• Enhanced Coordination: Improved communication and data sharing lead to better coordination between security teams and vendors.
• Streamlined Risk Resolution: Facilitating partnership across the supply chain ensures that risks are addressed promptly and effectively.
• Industry Connection: Fortress data exchanges allow organizations to share reports leading to improved visibility of vendors and assets.

Conclusive

AI Monitoring provides definitive, actionable insights, contextualized to the vendor or products’ business impact, which simplifies the decision-making process. By leveraging AI-based analysis and prioritization, it delivers personalized recommendations based on your vendor and asset population, along with polices for risk management. Thorough reporting and documentation ensure every aspect of risk is clearly understood, enabling organizations to make informed, confident decisions faster. This clarity and precision in insight and action help streamline risk mitigation efforts, ultimately leading to a more secure and well-managed vendor ecosystem.

Key Capabilities:

• Pre-Configured Workflows: Guiding users through the risk resolution process, ensuring consistent and efficient actions.
• Advanced Prioritization: Prioritizing risks based on AI analysis, enabling remediation of the most important risks first.
• Detailed Risk Monitoring: Providing clear insights and records for audit and compliance purposes.
• Human-in-the-Loop: Fortress verifies AI results through automated control checks and human services so that organizations can feel confident in AI results.

Benefits:

• Clear and Actionable Insights: Receiving personal recommendations, making it easier to act on potential risks.
• Simplified Decision-Making: Structured workflows and clear insights streamline the risk management process, reducing complexity.
• AI Results Assurance: Fortress trusted AI approach enables high certainty in accurate and reliable outcomes.

Conclusion

Fortress leverages a comprehensive, collaborative, and conclusive approach, making Fortress’s AI Monitoring the new standard for managing vendor and product risks. This framework ensures holistic risk coverage, seamless collaboration, and actionable insights, empowering organizations to maintain robust security and compliance. Explore how AI Monitoring can transform your vendor risk management and safeguard your organization against evolving threats.