Case Study: Truist strengthens third-party risk monitoring with SecurityScorecard

Truist sharpens vendor risk monitoring with SecurityScorecard

Truist, a financial services company formed from the merger of SunTrust and BB&T, faced challenges in managing cyber third-party risk. Their previous solution generated excessive noise and false positives, lacking the holistic view and innovation needed for effective supply chain risk management. To address this, they sought a new platform and selected SecurityScorecard for its automation, API integrations, and proactive approach.

SecurityScorecard enabled Truist to implement a prioritized monitoring program for their most critical vendors. The solution allowed for targeted engagements based on specific, critical security alerts, moving away from broad, ineffective outreach. This has provided Truist with actionable, holistic insights into vendor risk, leading to more precise risk management and giving the team confidence they are engaging with the right vendors for the right reasons.

Truist