Vendor Security coalition launches to improve Internet Security
Tech companies unite to launch Vendor Security Alliance – first-of-its-kind coalition will work to improve Internet Security by streamlining vendor vetting process.
Leading tech companies have announced the Vendor Security Alliance (VSA), a new coalition that will enable businesses to streamline their vetting process for vendors’ cybersecurity risks. The VSA is supported by companies committed to improving Internet security, including Uber, Airbnb, Atlassian, Docker, Dropbox, GoDaddy, Palantir, Square, and Twitter.
Bringing together top security experts and experienced compliance officers in an unprecedented way, the VSA will release a yearly security and compliance questionnaire to benchmark vendor risk. This will establish clear expectations and a unified set of requirements for vendors.
Companies can leverage this questionnaire to measure and mitigate vendor risk, ensuring they can consistently evaluate potential vendors using a predetermined set of criteria, controls and practices. This streamlined approach will bring many benefits to businesses, saving time and money that each individual company would have otherwise spent evaluating each vendor individually. It will also improve security across the board for consumers by promoting and recognising companies that exercise sound cybersecurity practices, making the Internet safer for everyone.
The first questionnaire will be available on October 1, 2016, free of charge. For more information, visit vendorsecurityalliance.org.
Here’s what companies are saying about the VSA:
“Ensuring the vendors you work with have secure Internet practices is just as important as maintaining such practices at your own company,” said Uber Head of Compliance Ken Baylor.
“The VSA can be a gamechanger for businesses around the globe by solving their vendor compliance and security issues.”
George Totev, Head of Risk and Compliance, Atlassian said:
“In today’s interconnected world, we rely heavily on services provided by other companies in order to offer high quality products to our customers.”
“We’re proud to be a founding member of the Vendor Security Alliance because it will help us better manage risks around security and privacy and, together with the other founding members, raise the bar across the industry. At Atlassian, we are committed to establishing and increasing your Trust in our services.”
Nathan McCauley, Director of Security for Docker, said:
“We typically work on technology solutions for problems, but in this case we saw that the best way to contribute was to work on standards and processes.”
“By contributing to a standardised set of best practices and guidelines, the Vendor Security Alliance will enable organisations to evaluate companies using common criteria while in turn providing vendors with a predictable set of requirements. It’s been a privilege for Docker be a founding member – we look forward to helping companies improve their security posture.”