Third-party vendors are constantly asked to show their security posture to their customers by sending questionnaires, certifications and attestations —usually via email. With Beacon by ThirdPartyTrust, we’ve scaled that process offering third-parties the ability to create a centralized profile with all their security documentation, and share it with the click of a button. We’ve now taken a step further by introducing the Selective Sharing functionality.
Beacon allows you to upload, maintain and share documents like SIG Core and Lite, Cloud Security Alliance CAIQ, SOC reports, ISO certifications, HiTrust, pentests, insurance documentation, and more. When asked to showcase your security posture, you create a customer connection using the ‘Share my Data’ button.
This would share your entire set of documents, but now you can choose what to share and who to share it with, thanks to the new Selective Sharing functionality.
In this way, we provide additional fine tune options for you to manage your customer relationships based on your needs. Share your security profile, showing only what you want!
Customers will have a unique connection experience based on their needs and requirements, and won’t receive anything they didn’t ask for. This also helps prevent sales and support staff from sending the wrong versions of documents or from sharing them insecurely, as everything is encrypted in the ThirdPartyTrust platform.
How to use Selective Sharing
You will be able to turn on Selective Sharing when:
- You click on “Share My Data” and wish to generate a new connection
- You receive a request from a customer and you answer by sending your security profile
- You want to edit an existing connection with any of your customers
Upon creating a new connection using the ‘Share my Data’ button, you will now see a toggle to turn on Selective Sharing. Once it’s on, you’ll be able to select which of your documents you want to share.PRO TIP: You can turn Selective Sharing on in each one of your connections to customize them based on your needs and requirements!
Another feature to make life at work easier
There aren’t enough hours in the day to respond to each customer security request via email and spreadsheets. With Beacon by ThirdPartyTrust and Enterprise by ThirdPartyTrust we set out to build a platform to reduce the inefficiencies and redundancies in the vendor assessment process, for both sides.
As a third-party, you can save time and effort by securely sharing your Beacon profile, and avoid starting from scratch on every customer security assessment.
Our platform has actually helped Vertafore reduce the due diligence response workload by 75% and they manage more than 250 customer connections per year. Download the full case study here.
These are some of the benefits of using Beacon by ThirdPartyTrust:
- Assembling a robust security profile to build confidence in the security response process
- Getting ahead of infosec questionnaires to avoid starting from scratch on every assessment
- Maintaining ownership control to avoid sending outdated or incorrect information
- Leveraging communication tools within the platform, so if a question arises, you can directly message with your customer