Cybersecurity compliance startup Vanta Inc. today announced new product features and enhancements designed to automate and streamline governance, risk and compliance processes for businesses.
Leading the list of announcements is a new Report Center that provides a centralized, real-time view into the state of a business’ security and compliance program. The new Report Center includes six reports, including a Program Overview and Compliance report.
With Report Center, customers can automatically collect and visualize data across their entire security program, including areas such as risk management, vendors, compliance, personnel and trust. The service also allows for easy sharing of program status with stakeholders to provide clear evidence of the program’s impact. Additionally, the Report Center helps customers identify opportunities for improvement across various program areas.
Vanta’s Vendor Risk Management solution has also been enhanced with updates that automate once-manual vendor reviews to reduce the time required to spend on these reviews by up to 90%. The enhancement also gives teams continuous visibility into their vendor risk.
The new features in Vendor Risk Management include a fully customizable vendor inherent risk rubric that allows security teams to add criteria such as artificial intelligence policies and the ability to schedule automatic follow-up tasks in Jira based on security review findings. Additionally, a new Residual Risk field has been introduced to capture and track the risk posed by vendors after security reviews.
“Our latest offerings empower governance, risk and compliance teams to make trust a strategic lever for their business,” said Chief Product Officer Jeremy Epling. “With Vanta’s new Report Center, GRC professionals can more easily see the status of their entire program, prioritize and act on risk and tie their program performance back to their business performance.”
Along with the product enhancements, Vanta also said today it had reached a milestone of over 350 integrations with leading tools such as Amazon Web Services Inc., CrowdStrike Holdings Inc. and Jira that pull data from automated tests directly into Vanta and allow customers to collect evidence for audits, monitor controls and verify compliance.
Added to the mix is support for 30 security and privacy frameworks, including System and Organization Controls 2, International Organization for Standardization 27001, National Institute of Standards and Technology Artificial Intelligence Risk Management Framework, Health Information Trust Alliance and the Center for Internet Security Cybersecurity Framework.
Vanta was previously in the newsin July when it raised $150 million in new venture capital funding on a $2.45 billion valuation. Investors in the company include Sequoia Capital Operations, Goldman Sachs Ventures, J.P. Morgan Chase & Co., Atlassian Ventures, Craft Ventures LP, CrowdStrike Ventures, HubSpot Ventures, Workday Ventures and Y Combinator Management.