Security

SecurityScoreCard partners with Conference of State Bank Advisors to improve banking cybersecurity

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July 21, 2022

SecurityScorecard, a cybersecurity ratings provider, has partnered with the Conference of State Bank Advisors to offer its ratings platform and connected services to state financial regulators.

With this partnership, CSBS can monitor the cyber health of financial institutions and share the data with the organizations and relevant state regulators, according to a press release.

SecurityScorecard analyzes and monitors 10 groups of risk factors to deliver an A to F rating of the cybersecurity health of an organization.

"Financial regulators can no longer rely on static, point-in-time assessments to understand the cybersecurity risks posed to the financial system," Sachin Bansal, chief business and legal officer of SecurityScorecard, said in the release. "Continuous monitoring tools must be a part of every regulator's toolbox. We have partnered with CSBS to bring these tools to state regulators."