Configuring Auto-Risk Scoring

  • Updated

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The Auto-Risk Scoring feature is part of our Vendor Risk Management product. With auto risk scoring, each vendor will receive a score that reflects the level of risk they pose to your organization based on the criteria you have established. This can help you make more informed decisions about vendor selection, risk mitigation, and ongoing Vendor management.

Configure Auto Risk Scoring 

  • From the left-hand navigation panel, select Vendors 
  • Open the Settings page, and select the Inherent risk rubric tab 

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  • Toggle on categories you would like calculated into the risk score 
  • For each defined criterion, choose the inherent risk associated (High, Medium, Low, N/A)

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  • Select Save and apply changes from the top right-hand corner. 
  • Each vendor will be assigned a level of inherent risk based on your auto-risk scoring formula.

Security Review Risk Scoring

  • Once a security review has begun, you can leverage the auto-risk scoring or manually assign a risk level to the vendor.
  • Open the Vendor review, and select the Security Review tab
  • From the top right-hand corner, select Configure inherent risk
  • Auto-score based on risk attributes and inherent risk auto-score configuration by turn the toggle to on

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