How scoutPRIME® Helped a Global Financial Services Organization Reduce Third-Party and Supply Chain Risk

A global financial services organization with 3,000 team members within their information security (InfoSec) team came to LookingGlass with the hopes of improving their risk management strategies and mitigations around suppliers and third parties.

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This global organization (“Company B”) had long leveraged outside vendors to support its business prior to LookingGlass, but regulators noted that Company B should strongly consider adding a more continuous approach to third-party risk management (3PRM), such as assessing and monitoring the security of its supply chain daily. Another long-standing problem for Company B was that their team was already fully tasked, making it difficult to assess their third-party vendors regularly. This meant that the team needed a tool to continuously monitor networks they didn’t own or manage with non-invasive methods that could uncover any potential cybersecurity risks.

In 2014, Company B engaged LookingGlass to help solve these challenges. With scoutPRIME®, Company B could leverage a seamless solution with its always-on, “outside-in” approach to continuously monitor their third-party vendors and suppliers without intrusively scanning those networks.

Due to the flexibility and extensibility of LookingGlass’s solutions, scoutPRIME was able to deliver a solution that met the 3PRM team needs and more. At Company B, LookingGlass’s scoutPRIME supports the global information security team and can also be utilized across multiple groups (e.g., Security Operations Center, Network Operations Center, Legal, Threat Intel, etc.) via the company’s internal fusion center.

Due to the flexibility and extensibility of LookingGlass’s solutions, scoutPRIME was able to deliver a solution that met the 3PRM team needs and more. At Company B, LookingGlass’s scoutPRIME supports the global information security team and can also be utilized across multiple groups (e.g., Security Operations Center, Network Operations Center, Legal, Threat Intel, etc.) via the company’s internal fusion center.

Interested in learning more about this large financial services organization’s supply chain and cybersecurity challenges? Download the full customer success story. To learn more about LookingGlass’s solutions, submit the form below to request a demo.