SecZetta, the leading provider of third-party identity risk solutions, is pleased to share it is featured in a new financial services technology spotlight report by the Aite-Novarica Group, an advisory firm providing mission-critical insights on technology, regulations, markets, and operations to banks, payments providers, insurers, and securities firms. The first of a new quarterly series on emerging vendors across the domains of Cybersecurity, Fraud, and AML, the report spotlights specific vendors across multiple risk domains that are solving a traditional problem in a different manner.
“By providing organizations the ability to extend controls beyond third-party workers to an “Nth-party”
“SecZetta capabilities transform an important problem set for the CISO of a Bank or Financial Services Organization (FSO), becoming the enterprise security enforcement point for all third-party vendor contracts,” said John Horn, Director of the Cybersecurity Practice at Aite-Novarica Group. “By providing organizations the ability to extend controls beyond third-party workers to an “Nth-party” approach, risk associated with third-party vendors and their supporting subcontractors can be managed in an entirely new way. SecZetta enables better transparency and transformational risk mitigation for the institution.”
SecZetta uniquely offers capabilities to extend risk controls beyond the third-party organization to their associated nth-party identities. This capability doesn’t exist anywhere else. SecZetta’s purpose-built identity risk management solution inherently addresses the issue of nth-party access by creating an identity authority for all non-employee user data at the individual identity level regardless of whether the individual entity is a 3rd, 4th, 5th … party. The significance of managing risk at the individual level cannot be overstated particularly given the predominance of identity-centric breaches, more remote and hybrid work environments, and heightened global threat environments in part due to geo-political activities. Organizations need to know with certainty who they are providing access and if that access is appropriate in order to facilitate business initiatives while keeping the organization secure.
“Nth-party risk is a big blind spot for organizations because they have no insight into who it is they’re working with and the level of risk they present, and consequently, no way to control or mitigate that risk,” said David Pignolet, founder and CEO, SecZetta. “We’re pleased to be included in the Aite-Novarica spotlight report which recognizes SecZetta’s unique capabilities in enabling organizations to extend their security and risk controls to the individual level, including nth-party users, gaining increased transparency and a stronger risk mitigation posture.”