Grip Security and SecurityScorecard Forge Groundbreaking Partnership to Deliver Industry-First SaaS Vendor and Enterprise Identity Risk Ratings

Grip Security and SecurityScorecard announced a strategic partnership introducing a revolutionary approach to managing SaaS security risks. This collaboration offers the industry's first combined risk ratings for both SaaS vendor risk and enterprise identity risks, setting a new standard in cybersecurity. This collaboration marks a significant milestone in the cybersecurity industry, combining the strengths of two industry leaders to offer one of the most complete views of SaaS risks in an enterprise.

The partnership between Grip Security and SecurityScorecard brings together two industry leaders to offer a unique value proposition: the industry's first combined risk ratings for SaaS vendor risk and enterprise identity risks. This integration provides organizations with:

“SecurityScorecard has the world’s largest risk and threat intelligence dataset, and they are an ideal partner for Grip Security,” said Lior Yaari, chief executive officer and co-founder at Grip Security. “The two companies share the common vision of enabling the modern organization to use any SaaS their employees choose rather than constraining their productivity by centrally dictating the applications they can use.”

“Communicating cyber risk to executives is security’s perennial challenge that SecurityScorecard solves. Our new partnership with Grip Security provides ongoing telemetry about the security posture of Gen AI and other SaaS applications. We continue to deliver on our vision of holistically measuring and resolving cyber risk across the digital ecosystem,” said Sachin Bansal, president of SecurityScorecard.

SaaS-related breaches are becoming increasingly more common as organizations adopt more cloud-based services to support their operations. High-profile identity risk-related incidents involving companies like Okta and Snowflake have underscored the vulnerabilities that can arise when SaaS risks are not adequately secured. These breaches compromise sensitive data and expose organizations to significant financial and reputational damage. The growing frequency and sophistication of these attacks highlight the urgent need for comprehensive security solutions that can address both SaaS vendor and enterprise identity risks.

The partnership between Grip Security and SecurityScorecard directly addresses these challenges by combining their strengths to deliver unparalleled risk visibility for SaaS environments. It also strengthens compliance programs by identifying gaps in SaaS risk assessments required for regulations such as the Sarbanes-Oxley Act, NYDFS (23 NYCRR 500), and Gramm-Leach-Bailey-Act, as well as numerous privacy acts. Grip Security's innovative platform provides complete visibility and control over all SaaS applications, ensuring no shadow SaaS remains unchecked. SecurityScorecard's industry-leading cybersecurity ratings offer real-time insights into the security posture of SaaS vendors. Together, they provide a holistic approach to SaaS security risk management, enabling organizations to proactively manage risks, detect vulnerabilities early, and enhance their overall security posture. This collaboration ensures businesses can protect their data more effectively and mitigate the risks associated with SaaS identity breaches, creating a safer digital environment for all.

To help organizations better understand and mitigate their SaaS security risks, Grip Security is offering a complimentary SaaS Identity Risk Assessment for qualifying SecurityScorecard customers. This comprehensive assessment provides an in-depth analysis of a company’s current SaaS environment, highlights any unmanaged SaaS applications, and scores the internal identity risks. The vendor risk for these unmanaged applications can be assessed through SecurityScorecard’s risk ratings. By leveraging the combined expertise and innovative technologies of Grip Security and SecurityScorecard, this free assessment equips organizations with the knowledge and tools needed to safeguard their data and prevent identity breaches.

Source: Grip Security and SecurityScorecard media announcement